It's official: Apple's new iPad lands in China this month
Filed under: Investing
Just last week, Apple (NAS: AAPL) finally put that pesky iPad trademark infringement suit behind it, settling with near-bankrupt Proview Technology. The small company sued the Mac maker earlier this year, claiming it still owned the iPad trademark in China, despite selling it to one of Apple's shell holding companies set up to mask its true identity.
The device had already gained regulatory approval back in March, so clearly Apple was waiting for something. With the Proview settlement, the company has moved quickly and has now announced that the new iPad will be available in China later this month on July 20.
With Greater China sales exploding over the past few years to $13.3 billion last year, bringing the newest version of its tablet to its hottest market will pay hefty dividends, just as Apple is preparing to announce its own dividend.
This year has seen some important milestones with Apple's strategy in China. The Cupertino company kicked off 2012 by adding China Telecom as the second official iPhone carrier, and there's a very good chance it will bring China Mobile into the mix by the end of 2012. That would represent partnerships with the three largest wireless carriers in the country.
By year's end, Apple will probably see its two most important products, the iPhone and iPad, widely available in China. It should be a good year.
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