Feeds

Apple lobs pocket change to Proview, ending Chinese IPAD name row

$60m? Hardly worth opening our wallet to get it out

Secure remote control for conventional and virtual desktops

Apple has forked out $60m to settle the row over the name IPAD with Chinese firm Proview Technology.

The fruity firm agreed to the sum to buy the name from Proview in mediation talks, the Higher People's Court of Guangdong said in a statement (translated by Google Translate).

"All parties involved have agreed on the settlement. Proview and Apple now no longer have a dispute over the iPad trademark," Xie Xianghui, a lawyer for Proview, told state news agency Xinhua.

Proview, a maker of computer screens and LED lights based in Shenzhen, had been trying to block sales of iPads on the Chinese mainland, claiming that although Apple had bought the trademark for the name in some countries, it didn't own the name in China.

Apple alleged that it had bought the international trademark, which gave it the name everywhere, including China.

Proview Shenzhen was declared bankrupt during the case, after it failed to recover from hits it took in the financial crisis.

The court's statement acknowledged that the firm was heavily in debt and the IPAD trademark was the most valuable thing it owned.

The dispute between the firms went to the Guangdong higher court after Proview won the case in a lower court in December last year.

Almost from the outset, Guangdong urged the firms to settle the row out of court, but reports had suggested there was a wide gap in the amount of money each side wanted to talk about.

Just to put the settlement figure in perspective, it's worth bearing in mind that Apple made a net profit of $13.06bn in the first quarter of fiscal 2012 alone, so $60m is not going to break the firm's piggy-bank.

The lawsuit's end frees Apple up to focus on pushing endless iterations of its fondleslabs on China's tech-savvy and fashion-conscious youth, bound to be worth the price it paid and a whole lot more.

Apple had not responded to a request for comment at the time of publication. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.