Marking the end of the longstanding trademark dispute over the name “iPad,” Apple has agreed in Chinese court to pay a $60 million settlement fee to Proview Technology. Once the money is transferred, the settlement will officially end the court battles between the two companies.
Proview originally accused Apple of stealing its iPad trademark in February 2012 on Chinese soil, and the legal dispute has continued since. The U.S. California court ruled against Proview’s accusation earlier this year, and Guangdong High People’s Court reports that Apple and Proview have reached an agreement that Apple will shell out a cool $60 million to close the case once and for all.
While Apple’s trademark dispute with Proview Technology rages on, the iPad continues to feel the strain in China. Following its ban in one Chinese city, the device has now been pulled from Amazon China and the retailer has frozen all orders.
A trademark dispute currently ongoing between Apple and Proview Technology recently saw the iPad banned in one Chinese city, but things could be about to get a whole lot worse. A lawyer for Proview, which claims to own the rights of the “iPad” name in China, is seeking a ban on iPad shipments into and out of China.
Not only would that mean that Chinese customers cannot get their hands on the device, but the rest of the world would be without the iPad, too.
Apple comes down hard on manufacturers that attempt to use its product names — or any variation of its product names — for their own goods. We learned this yesterday when it was revealed the Cupertino company is demanding a New Zealand case manufacturer to change the name of its driPhone brand. But it seems Apple may be guilty of exactly the same practice, which could land it a $38 million fine from Chinese company Proview Technology.