Monday, November 19, 2012

Apple Inc. (NASDAQ:AAPL): Sale of iPads to China doubles after settlement of trademark dispute with Proview

Shipments of Apple Inc.(NASDAQ:AAPL)’s iPad to China doubled in the third quarter after the resolution of a trademark dispute between Apple and a Chinese firm Proview.

Should Investors Buy AAPL After The Recent Slump? Find Out Here

Research firm IDC which track sales in the technology sector said that shipments of Apple's iPads rose to 2.07 million units in the third quarter compared to 1.5 million units in the second quarter.

The iPad 3 could not make its way into China after a finding by local authorities in the country that Proview held the claim to the iPad trademark there.

In 2009 Proview had sold the iPad trademark for $55,000 to a shell firm that was subsequently discovered to be belonging to Apple.

A Chinese court ruled in favour of Proview, stating that the company's Shenzhen division was the actual owner of the trademark.

However in May the sale of the iPads in China was approved after the iPhone maker reached settlement with Proview and paid it $60 million as a settlement amount.

Apple's iPads are very popular in China, with its previous versions holding the record as the largest selling tablet PCs in the country.

IDC said in its research report that the over 2 million iPads sold in the third quarter helped maintain and consolidate its standing as the top tablet maker in the market.

The figure is nearly ten times what Apple's nearest competitor, Lenovo, sold. Worldwide, Apple shipped 14 million iPads in the third quarter.

No comments:

Post a Comment

Privacy Policy | Legal Disclaimer