Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Apple pays $60M for iPad name in China; sales to resume

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
Published:
NEW YORK -- Apple will start selling the iPad in China on July 20 after paying $60 million to settle a dispute over the ownership of the tablet computer's name.
Apple Inc. says it will begin selling its latest iPad starting at $499 and the older iPad 2 starting at $399.
The tablet computers will be sold online, at Apple stores, and through approved resellers.
Apple often brings products to China later than in other countries. The iPad model coming to China this month went on sale in the U.S. and several other countries in March. It features a sharper screen and a faster processing chip than the previous two iPad models.
Apple still dominates the emerging market for tablet computers, though Google and Microsoft are both coming out with competing devices.
The name dispute had threatened iPad sales in China, Apple's second-largest market after the United States and the source of much of its growth.
Apple, which is headquartered in Cupertino, Calif., said it bought the global rights to the iPad name from Shenzhen Proview Technology in 2009, but Chinese authorities said the rights in China were never transferred. A Chinese court ruled in December that Proview still owned the name in China and the company asked Chinese authorities to seize iPads.
To settle the dispute, Apple paid Proview $60 million to gain the rights to the iPad name. The company won approval from Chinese regulators for the device in May.
Story tags » Apple

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup