Apple will keep the iPad on shelves in China

Apple company has been battling a long battle with Chinese company Proview across the right to work with the name “iPad” in China. The issue is a result of the sale of the iPad name copyright to Apple in 2009 for $54,000. The sale was handled by British provider IP Application Development on behalf of Proview Taiwan, but parent or guardian company Proview Technology deemed the sale invalid, and therefore cases it still holds the copyright to the name.What followed was a couple of lawsuits demanding $1.6 million and then $38 million for copyright encroachment. On the grounds that the iPad was currently available for sale in China, in addition, it meant the threat of it becoming taken off store shelves, a threat made real by Proview demanding an importance and export ban of the “Made in China” tablet. If that happened, Apple would have no way of manufacturing and supplying the iPad to any industry, not merely China.The dispute went to court in Guangdong where the two companies were pressed to come to some kind of agreement. Which agreement has now happened with Apple paying $60 million as a way to settle the dispute and move on.Even though almost double previous compensation demand from Proview, it’s pocket change for Apple company. The most important thing is that the Chinese market remains amenable for the sale of iPads, and Apple can freely manufacture and export the tablet.With luck , it also signifies that Apple has finally guaranteed worldwide possession of the iPad name and will not face any further lawsuits from Proview, or any other company for that matter.