Apple paid $ 60 million for the name "iPad" in China

 Apple has agreed to pay the company Proview $ 60 million for the right to use the name "iPad" in China. This ends the process in which the Apple was suspected of fraud.

Recall that in February the company Proview Apple accused of cheating on the purchase of the rights to the name iPad - the widely reported in the news.

Initially, the company Proview demanded by Apple $ 400 million for the right to use the name iPad, but Apple was willing to pay only 16 million dollars.

Finally, Apple has agreed to pay $ 60 million Proview, thereby obtaining the right to use the iPad name in China.Apple has agreed to pay the company Proview $ 60 million for the right to use the name "iPad" in China. This ends the process in which the Apple was suspected of fraud.

Recall that in February the company Proview Apple accused of cheating on the purchase of the rights to the name iPad - the widely reported in the news.

Initially, the company Proview demanded by Apple $ 400 million for the right to use the name iPad, but Apple was willing to pay only 16 million dollars.

Finally, Apple has agreed to pay $ 60 million Proview, thereby obtaining the right to use the iPad name in China.