Collectors of all things Apple could have a new product to seek out soon, if a recent court decision in China sticks. Apple has lost its bid to prove itself the owner of the iPad trademark in China, after a decision favoring local company Proview Company. Proview registered the iPad name in the EU, several countries and China in the year 2000.
The company sold its international rights to the iPad name for $55k in 2006 to a company named IP Application Development (IPAD). IPAD turned out to be Apple, and Apple has claimed the deal included rights to the Chinese trademark as well. Since then, Proview has sued Apple to the tune of $1.6 billion for using the iPad trademark in China.