Apple settles the Proview dispute for $60M to begin selling iPads in China

Apple has settled the case with Proview over the use of the iPad name in China. Proview is effectively bankrupt so this should make their creditors happy. The cost to settle was $60M. For Apple this is small change. See the news article on TechCrunch.

New-ipad-logo

Apple’s costs for a base iPad are estimated at around $290. They make a 40% margin on the base model and higher end models are more profitable. 

By mty reckoning they need to sell about 300,000 iPads in China in order to pay off Proview. That shouldn’t take long given that their revenue from China last year was about $7.9 Billion.

Originally posted at via email.

follow my main blog on:ekive.blogspot.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s