Apple settles for iPad patents in China, pays $60 Million to Proview Shenzhen in a settlement – Part 2

There is a strong chance with the road cleared to Apple for the iPad sales in China, the company will reach the stipulated $1000 a share price within the anticipated 2-year period. While China is Apple’s biggest market in the world, there is a strong chance that Apple will reach the $1 Trillion mark by 2014. Its tablet device also has a chance on stabbing at the laptop industry as well as a growing number of users are switching from low-end to mid-level notebooks to tablets like iPad and Transformer Pad, from Asus.

iPhone still holds the biggest share in profitability for Apple at 58 percent in the overall revenues in the quarter ended March 2012. However, since the release of the new iPad with Retina Display, the tablet’s share in the profits has risen to 17 percent in the last three months. This bodes well for the company that has now paved way to successful sales in China with the settlement with Proview.

“China remains an important part of Apple’s growth strategy,” Brian White, an analyst with Topeka Capital Markets, said in an investor report. “Today’s iPad settlement is important” especially since Apple may be readying a smaller, thinner version of the iPad — dubbed the iPad Mini — in September that may “prove very popular in China,” he said.

Outside the mainland China, Apple won a court’s ruling in Hong Kong on the patents over the name iPad, however, a Higher People’s Court in the Chinese province of Guangdong ruled in the favour of Shenzhen around the same period. Last week’s settlement however, resolves the case for good.

Short URL: https://www.newspakistan.pk/?p=28460

Posted by Usman Khalid on Jul 8 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.