Apple settles with Proview for $60M over iPad
Ooops. Remember, boys and girls, when you make a purchase, make sure that your “i"’s are dotted and your “t”s are crossed!
In 2009, Apple bought the global rights to the name iPad from Shenzhen Proview Technology. Unfortunately for Apple, Chinese authorities say that those rights in China were never transferred. Proview’s now in deep debt, and they hoped to cash in, big time. And at $60 million USD, they STILL might go bankrupt.
Ouch.
source: NPR
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About The Author
martim
GIS C++!>$ And if you can translate that, you've been around as long as CompuServe. IT is now just a hobby, and shares my time with cross-stitch and knitting. High-tech, low-tech, and everything in between. I keep these guys in line and roll my eyes at Simmons. Come on, ladies, celebrate your love of technology! "Tech should be black. Colors are for cases."
Hahah, that’s a steal for apple. $60M is nothing to them.
Exactly, especially when it looks like Proview may have wanted $400M! That’s nothing to them, too, but it’s more nothing…
More importantly, it lets the Chinese save face and say, “See? We can work with Western tech companies…”