It has been reported that Apple Inc. (NASDAQ:AAPL) may need to pay $1.6 billion to continue iPad sales in China.
In order to continue selling its iPads in China, the smartphone maker giant Apple Inc. (NASDAQ:AAPL) will need to pay as much as $1.6 billion to Chinese company Proview Technology Shenzhen.
A Shenzhen court has rejected Apple Inc. (NASDAQ:AAPL)’s complaint against the company Proview Technology Shenzhen, which claimed to have registered the iPad trademark in the year 2000, before Apple Inc. (NASDAQ:AAPL) did.
Apple Inc. (NASDAQ:AAPL) company shares are currently standing at 389.09.
Last Price: 389.09
52 Week Low / High: 310.5 / 426.7
50 Day Moving Average: 390.85
6 Month Price Change %: 17.1%
12 Month Price Change %: 22.3%