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.
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.
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