Chinese display maker Proview Technology (Shenzen) has filed suit in a Chinese court seeking $38 million and an apology from Apple Inc. (NASDAQ: AAPL) for infringement of the iPad trademark in the People’s Republic. The company sued Apple last year and the US company filed a countersuit. A Chinese court ruled in favor of Proview in December. Apple has appealed the ruling.
Apple purchased the rights to the iPad name from Proview Electronics (Taiwan), but the company now claims that the Chinese rights were owned by its Shenzen subsidiary. The AppleInsider blog reports that the $38 million fine is set to be levied as soon as Apple’s appeal is denied.
Proview is also seeking an apology from Apple.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
