Chinese Firm Demands $1.6 Billion from Apple in iPad Trademark Dispute
Apple is embroiled in a trademark suit over ownership of the iPad name, and the battle has taken a dark turn for Cook and company. Apple might have to shell out anywhere from $38 million to $1.6 billion if Chinese courts don’t rule in its favor — and it’s looking like they won’t.
In 2006, Taiwanese company Proview Electronics agreed to sell the iPad name (which it had registered in 2000 and 2001 in Taiwan and China) to Apple for $55,000. But Apple only secured the ...
Read the full story at Gadget Lab
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