Apple settles iPad trademark dispute in China for $60m

Apple has paid $60m (€47.6m) to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world’s most valuable technology company engaged in a protracted legal tussle with a near-bankrupt Chinese firm.

The lawsuit hit sales and delayed the launch of the new iPad in China. Prior to the launch, Proview asked Chinese authorities in scores of Chinese cities to order resellers to take all iPads off their shelves.

The court-mediated settlement, announced on the website of the Higher People’s Court of Guangdong province, lets Apple to get on with selling its tablet in one of its most important markets, analysts said.