The much highlighted case between Apple and Proview over the use of the iPad name has reached a conclusion.
Apple’s earlier statement said they had acquired the rights to use the iPad name back in 2009. However, a recent court decision said that those rights were never transferred and that Proview owned the name in China.
The past several months has seen Apple and Proview in several courts trying to outweigh one another before being forced to come to a settlement. Apple needs to be able to sell its iPad under the name iPad in China. China is a huge market with plenty of room for growth. Proview has been constricted by depths and forced to accept an earlier settlement of $60M when it had sought $400M. It is not known yet whether the $60M will be enough to stave off bankruptcy for Proview.
It would perhaps bring a smile to Apple’s face to see Proview go under after a feeling that the company had squeezed two sets of payments for the iPad name.
It is presumed than any bankruptcy proceedings on Proview will not affect Apple’s use of the iPad name.