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China: Apple will start selling the New iPad in July 20.
Apple will start selling the newest version of the iPad in China on July 20 after paying $60 million to settle a dispute over the ownership of the tablet computer's name.
Apple Inc. says it will begin selling its latest iPad starting at $499 and will cut the price of the older iPad 2 to $399.
The tablet computers will be sold online, at Apple stores, and through approved resellers.
Apple
often brings products to China later than in other countries. The iPad
model coming to China this month went on sale in the U.S. and several
other countries in March. It features a sharper screen and a faster
processing chip than the previous two iPad models.
Apple still dominates the emerging market for tablet computers, though Google and Microsoft are both coming out with competing devices.
The
name dispute had threatened iPad sales in China, Apple's second-largest
market after the United States and the source of much of its growth.
Apple, which is headquartered in Cupertino, Calif., said it bought the global rights to the iPad name from Shenzhen Proview Technology
in 2009, but Chinese authorities said the rights in China were never
transferred. A Chinese court ruled in December that Proview still owned
the name in China and the company asked Chinese authorities to seize
iPads.
To settle the dispute,
Apple paid Proview $60 million to gain the rights to the iPad name. The
company won approval from Chinese regulators for the device in May.
AP.
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