Apple Settles Chinese 'iPad' Trademark Dispute with Proview for $60 Million

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jul 1, 2012.

  1. macrumors bot

    MacRumors

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    [​IMG]


    Associated Press reports that Apple and Chinese company Proview Technology have reached a settlement deal that involves Apple paying $60 million for the rights to the "iPad" trademark in China.
    Proview began publicly objecting to Apple's use of the iPad name in late 2010, with the situation eventually escalating to see Proview demanding bans on iPad sales in the country and up to $2 billion in compensation.

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    Settlement talks initiated earlier this year reportedly saw Apple offering $16 million to settle the case, but Proview was apparently holding out for a $400 million settlement that could save the company as it seeks to reorganize under bankruptcy.

    Apple argued in several court cases that it had acquired the Chinese rights to the iPad name in late 2009 as part of a deal with Proview's Taiwanese arm. That deal, brokered by Apple dummy corporation IP Application Development, reportedly saw the rights to the name transferred in a number of markets around the globe for just $55,000. Proview later claimed that the Chinese rights to the trademark were owned by its Chinese subsidiary and that the Taiwanese arm consequently could not have sold them to Apple.

    Article Link: Apple Settles Chinese 'iPad' Trademark Dispute with Proview for $60 Million
     
  2. macrumors 6502a

    Joined:
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    Location:
    N. Kentucky
    #2
    Now if only these Samsung lawsuits were as simple as $60 million.

    I'd "settle" for $60 million, as well.
     
  3. macrumors 65816

    Lil Chillbil

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    #3
    well thats great for apple
     
  4. macrumors regular

    ArchaicRevival

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    #4
    Someone just got awfully rich. I wish I came up with that name lol

    lol On a serious note, the last line says it all. Proview tried to find a loophole to kill a cash cow, and Apple lawyers said 'not on our watch you're not!'
     
  5. macrumors G4

    Joined:
    Oct 23, 2010
    #5
    $60 million is a lot for a trademark troll. I'm guessing Apple will do its due diligence a bit better the next time it acquires a "worldwide" trademark from another company through a surrogate.
     
  6. macrumors 68000

    Joined:
    Mar 5, 2012
    Location:
    Central California
    #6
    I still think the iPad is a stupid name for the device.

    Dont tell me you didn't laugh when jobs pulled out the iPad and it looked like an oversized iPhone.
     
  7. macrumors 6502a

    Kaibelf

    Joined:
    Apr 29, 2009
    Location:
    Chicago, IL
    #7
    Drop dead and ROT Proview.

    ----------

    I personally didn't, because as an adult I have a pad of paper on my desk at all times.
     
  8. macrumors 6502a

    chirpie

    Joined:
    Jul 23, 2010
    #8
    Well, um, not really.
     
  9. macrumors 6502a

    shartypants

    Joined:
    Jul 27, 2010
    #9
    No wonder Proview is bankrupt, they are a bunch of idiots.
     
  10. Guest

    Joined:
    Dec 7, 2010
    #10
    Apple just needs to look under its couch for $60 million change.

    Then when the new iPhone comes out, it replaces this in about the first hour.
     
  11. macrumors 6502

    Macman1993

    Joined:
    Nov 23, 2007
    #11
    Idiots? They just got $60 Million for something they already sold, genius is more like it.
     
  12. macrumors 601

    brand

    Joined:
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    127.0.0.1
    #12
    There not, they have $60,000,000.
     
  13. macrumors regular

    Joined:
    Feb 25, 2008
    #13
    I'm glad I study Asia-Pacific commerce. This will make a great case example.

     
  14. macrumors 6502a

    Joined:
    May 17, 2011
    #14
    I am glad that the case has been finally settled.

    I hope that Apple will not transfer the burden of $60 millions onto its customers in China!
     
  15. macrumors 68040

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    #15
    Nice troll.
     
  16. macrumors 65816

    iZac

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    Shanghai
    #16
    Well at least this paves the way for the new iPad to make an official appearance in the ROC now! Hong Kong better reduce their shipments now they're not serving iPad orders for the entire of mainland China.
     
  17. macrumors 603

    Rocketman

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    #17
    Since the court and the country are one in the same, I wonder how much of the $60m they keep?
     
  18. macrumors regular

    Joined:
    Mar 2, 2012
    #18
    Preview is in debt to its creditors by $400million. Now they're in debt $340Million.

    They are in fact still broke and shouldn't have gotten anymore than 50k from apple. Oh well. At least it's settled.
     
  19. macrumors regular

    Joined:
    Feb 23, 2011
    #19
    Hardly, they owe their creditors $400 million. Guess who's getting that money? :p

    Proview will shortly cease to exist...... Apple just expedited their demise.
     
  20. macrumors G5

    jav6454

    Joined:
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    #20
    They still require another $340 Million to stop their bankruptcy...


    In any case, Apple, has become quick to settle lawsuits (after Steve's death) and has opted for the easy, pay-my-way-out, instead of going-nuclear alternative.

    I wonder if Tim is thinking much into the future by avoiding current hassles.
     
  21. macrumors 68020

    Joined:
    Jul 8, 2006
    Location:
    California
    #21
    Apple paying these bozos any amount of money is an outrage, an outrage, I tell you, an outrage!

    Yeah, I know that Apple can more than afford it but these clowns at Proview made a deal to give up the iPad trademark long before the iPad's release and therefore really don't have a claim to it now. The original deal should have sealed it long ago and these guys deserve nothing.

    $60 million because they feel shafted after the iPad's success and for this to go away on Apple's end, pluh-ese! :rolleyes:
     
  22. macrumors 68000

    Joined:
    Apr 12, 2002
    #22
    Nah, but I did laugh when the note looked like an oversized iPhone.
     
  23. macrumors 68000

    BC2009

    Joined:
    Jul 1, 2009
    #23
    I didn't laugh.
     
  24. macrumors 68020

    Joined:
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    Location:
    California
    #24

    Bottom line is that Apple could have used that $60 million in other ways, like building a factory in the USA.



    Apple should have gone through with burying these opportunists and left them owing that $60 million.
     
  25. macrumors regular

    Joined:
    Apr 9, 2003
    #25
    Just glad it's over on a most boring subject matter. Move on everyone!
     

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