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If you've seen Proview's fake marketing for a product that never existed, this story is a poster child for systemic corruption and organized corporate extortion. The $60mil will be split among various colluding officials.

Ahh, the cost of doing "business" in China is going up.

Im glade some one finally stuck it to apple, the company should have held out for the full 400m they totally could have gotten it.

xyberviri, on 02 July 2012 - 06:21 AM, said:

Nobody stuck anything to Apple., certainly not Proview!!
Apple simply realized that attempting to deal with corrupt and deceitful Chinese courts wasn't worth their while and the 60 million dollar
"investment" was well worth the price, to make Billions in return!

Apple owns over 70% of the Mobile phone and Tablet market in China, so the small tax write off fee they gave to Proview was merely pocket change
for future bigger revenues!

The Chinese banks own Proview, meaning that the company will never see any of that money from Apple and they will simply go back to making their
garbage knock offs, that nobody will buy, or they will fade into the sunset, never to be seen or heard of, again!

Either way, Apple wins!

BradE, on 01 July 2012 - 10:28 PM, said:

You know it, as does the rest of the world!

BradE, on 01 July 2012 - 10:28 PM, said:

That matters why? If Apple would stop "stealing" product names from other company's, it wouldn't even be a problem. According to the facts in the cases, what Apple purchased was rights to use of the iPad name everywhere but China. They didn't not buy the Trademark driectly from Proview. They bought the name from a subsiduary.

A sub depending on contract, can have use of a product name from the mother company. It may sale its own right that it gained, but that doesn't mean you purchased the right from its parent company. That is the problem.
Apple had already paid rights to use other names, whther they got sued or not isnt the issue.

They could have called the iPad, iPod Touch HD, or iPad Touch XD, since X reprents 10 in roman numerals and it falls within the size of the device being nearly 10".

Apple caused their own problem. If te group under Microsoft that makes the Xbox, was subsidized, they likely would also get to use the name Windows as being part of the parent company, but they don't own the Trademark even if they have certain rights to its usage. Proview stated the subsidary Apple did buy the trademark from, had no right to sell the name in the first place. Proview should also sue them not just Apple. Bt Aple brought it on themselves by not nameing their product something not owned by someone else.

QUADICON, on 02 July 2012 - 07:19 AM, said:

Your comments make a whole lot of sense! Not!

It looks like Apple did pretty well, considering that Proview initially wanted 2 BILLION from Apple, and Apple's original offer to settle was 16 million. What does Proview get? Pretty much nothing, since they've filed for bankruptcy protection, so the courts get the money.

How much Apple paid to Chinese officials to get the settlement?

CRAPple Crooks!

If they ever invent a "Mini Pad", Stayfree is gonna be pissed!

so none of you know that “iPad” was issued a trademark to Proview in 2001