(Image Source: mattbuchanan )
BY LEAH BECERRA
ANCHOR LAUREN ZIMA
Apple’s next big project could be an iLawsuit. Proview Technology, a Chinese monitor manufacturer, slapped a trademark suit on Apple in a Chinese court that could end in a hefty fine. It’s all over Apple using the name iPad. PC Magazine reports that ...
“Apple previously purchased the iPad trademark for around $55,000 from Proview, which had registered it in China as early as 2000. But Proview claims the deal did not give Apple permission to use the name in mainland China.”
Apple has dealt with Proview lawsuits since then. TIME says based on Apple’s record, the company won’t pay this time either.
“... with a cash hoard of nearly $100 billion, Apple could easily afford to pay, but chances are that’s not going to happen.”
Apple could ultimately face damages of up to $1.6 billion. Proview chairman, Yang Rongshan, explained his company’s view on the matter to Fox Business.
Yang: “‘It is arrogant of Apple to just ignore our rights and go ahead selling the iPad in this market, and we will oppose that ... Besides that, we are in big financial trouble and the trademarks are a valuable asset that could help us sort out part of that trouble.’”
The Wall Street Journal sat down with Yang on Tuesday, and despite the ongoing dispute the Proviews Chairman spoke highly of Apple’s iPad.
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