Apple Settles iPad Trademark Dispute With Proview for $60 Million

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Posted July 2, 2012 at 5:00am by iClarified

Apple has agreed to pay Proview $60 million to settle a dispute over the iPad trademark in China, reports the Associated Press.

"The iPad dispute resolution is ended," the Guangdong High People's Court said in a statement. "Apple Inc. has transferred $60 million to the account of the Guangdong High Court as requested in the mediation letter."

According to the Associated Press, Proview was looking for a larger sum but felt pressure to settle due to appease its creditors.

Proview hoped for more money but felt pressure to settle because it needs to pay debts, said a lawyer for the company, Xie Xianghui. He said the company had hoped for as much as $400 million and might still be declared bankrupt in a separate legal proceeding despite the infusion of settlement money.

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Apple Settles iPad Trademark Dispute With Proview for $60 Million

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Comments (12)

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Composure - July 4, 2012 at 2:23am

He was a great man, it is he who create Apple that lead to the emergence of some affiliated industry, such as apple cases, apple cables, apple chargers, etc. Our website http://www.binnbox.com appears with these apple devices. All success we create should owe to Jobs.

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justabrake - July 2, 2012 at 10:18am

LOL a company that was broke and on the way out gets NEW life from apple ! I would have changed the name myself, I don't think they could recoup that much money spent there. Who calls these shots ?

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lepaka - July 2, 2012 at 8:12am

i would gave notjing - ZERO - i would have changed the iPad name to "fuck proview PAD".

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joyz - July 2, 2012 at 7:19am

Why o why did they pay up to them fuckers

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Proview is scum - July 2, 2012 at 6:46am

Proview is a sleazy company! I hope they go bankrupt. They will never get a penny from me.

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Arkhi - July 2, 2012 at 5:11am

Quick calculation:- $900,000,000 $60,000,000 â ----------------- = $899,940,000

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Nitro Junkie - July 2, 2012 at 5:43am

Think they have a little more than $900,000,000.00. They have close to or more than 100 billion in cash.

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Richard - July 2, 2012 at 12:34pm

You're great at maths

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Adam Macks - July 3, 2012 at 3:01am

I wrote in $900,000,000. That's in US speak $900 billion. I was taught at school though during the 1970's that in Great Britain (and Australia) the correct way of stating $1 billion was $1 million times by 1 million, which is therefore $1,000,000,000,000. These days, the world recognises this though internationally as $1 trillion. So unless you're British, I agree, the first poster "Who Cares" is wrong at maths. =P PS. Either way $60 million wont put a hole in the alleged $900 billion Apple has in cash reserves.

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Adam Macks - July 3, 2012 at 3:03am

Whoops, I see the error in my ways now - twice!!!! $900 billion = $900,000,000,000. Someone do it for me. Either way it wont even hurt Apple. They probably spend $60,000,000 for everyone's lunches every day.

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Nitro Junkie - July 4, 2012 at 1:16am

They have 100-200 billion in cash. Nowhere near 900 billion.

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Nitro Junkie - July 4, 2012 at 1:20am

But either way it's still a crazy amount of money and 60 million is pocket change to them.

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