LONDON, ENGLAND - MAY 28: A young girl holds an Apple iPad on display at Regent Street's Apple store on May 28, 2010 in London, England. Apple iPads went on sale today in countries including Japan, Australia, Germany, Italy, Canada, Switzerland and the United Kingdom as part of Apple's global roll-out of the hugely successful new device. (Photo by Dan Kitwood/Getty Images)
Apple agreed to pay $60 million to electronics company Proview to continue using the iPad name in China.
The Guangdong High People’s Court said the case had been settled and that Apple had transferred the money into the court’s account, according to the Associated Press.
(It) said that Apple had used a smaller firm to purchase the trademark from Proview’s Taiwanese affiliate — something that is standard practice in the industry. Proview said both that its Chinese branch should not be bound by its affiliate’s agreement and that it was not clear that the trademark would be used to brand an electronics product. . . . In December, a Chinese court said Proview should not be bound by that sale.