Latest iPad hits markets in China after Apple settles lawsuit

Sydney, July 20 (ANI): Software giant, Apple has released its latest iPad in China after settling a lawsuit over the ownership of its name.

According to the Courier Mail, Apple cleared a potential legal hurdle to the release the iPad when it paid US 60 million dollars to settle a dispute with a local company, Shenzhen Proview Technology Ltd, over ownership of the iPad name.

Apple said it bought global rights to the iPad name from Proview in 2009, but Chinese authorities claimed the rights in China were never transferred.

China is reportedly the second-largest market for Apple after the United States.

Qu Hongyu, a 20-year-old university student in Shanghai, expressed her frustration that Apple waited four months after the new iPad debuted abroad to release it in China.

She said she could have asked a friend from abroad to send her one, "but I think it's better to get the product here, because I don't want to owe somebody a favour". (ANI)