Apple has moved one step closer to being able to sell its product in the valuable Chinese market.
The company said it would pay $60 million in a dispute over the iPad name. Apple now controls the rights to the iPad name in China, which it supposedly purchased when it bought the name’s global rights in 2009. However, a Chinese court ruled this past December that the rights never transferred in China and still belonged to Shenzhen Proview Technology.
Once Apple moves into the Asian market, China will become its second largest market after the U.S.
