Apple pays $60 million to keep the iPad on shelves in China
Apple has been fighting a long battle with Chinese company Proview over the right to use the name “iPad” in China. The issue stems from the sale of the iPad name copyright to Apple in 2009 for $54,000. The sale was handled by UK company IP Application Development on behalf of Proview Taiwan, but parent company Proview Technology deemed the sale invalid, and therefore claims it still owns the copyright to the name.
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