Tuesday Apple Rumors: Apple to Lose iPad Trademark in China

The government is siding with Chinese firm; settlement likely

   

daily apple rumors  300x180 Tuesday Apple Rumors: Apple to Lose iPad Trademark in ChinaHere are your Apple rumors and AAPL news items for Tuesday.

Apple to Lose iPad Name in China: The Associated Press reports that the court battle between Apple (NASDAQ:AAPL) and Shenzhen Proview Technology isn’t going in Apple favor. According to a Chinese government official, Beijing believes that Shenzhen Proview owns the iPad name, AP said. The comments increase the pressure on Apple to negotiate a settlement. A lower court ruled for Shenzhen Proview, prompting Apple to appeal to a higher court, which has launched settlement talks. AP noted that the Chinese government has taken a greater interest in intellectual property issues, but likely doesn’t want to alienate Apple, which contracts a considerable amount of manufacturing to Chinese factories.

iPhoto 2012 Will Available at the Mac App Store by Summer: Apple Insider reports that Dutch sources are claiming that iPhoto for Macs will be released on the Mac App Store this summer. According to Apple Insider, the photo-editing suite has been restyled after its iOS version. The updated suite will allow users to store photos in Apple’s iCloud, replacing the MobileMe gallery feature in the current version, Apple Insider said.

AT&T iPhone Activations Fall, Still Beat Verizon: First-quarter results released by AT&T (NYSE:T) indicate that the wireless carrier activated 4.3 million iPhones during the quarter. That’s down from 7.6 million iPhones activated in the fourth quarter of last year, which contained sales from the launch of the 4S model, MacRumors notes. AT&T also topped Verizon (NYSE:VZ), which activated 3.2 million iPhones during the first quarter, MacRumors said. Sales of new iPhones at AT&T were boosted by the carrier’s 4G network. The activation numbers come in advance of Apple’s quarterly results, which will be announced after trading today.

For more about the company, check out our previous Apple Rumors stories.


Article printed from InvestorPlace Media, http://investorplace.com/2012/04/tuesday-apple-rumors-apple-to-lose-ipad-trademark-in-china/.

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