Apple To Sell iPads In China

CUPERTINO (CBS/AP) — Apple will start selling the iPad in China on July 20 after settling 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 the older iPad 2 starting at $399.

The tablet computers will be sold online, at Apple stores, and through approved resellers.

Apple paid a Chinese company $60 million to gain the rights to the iPad name, a Chinese court said on July 2.

China is Apple’s second-largest market after the United States, and it is the source of much of the Cupertino, Calif., company’s sales growth.

(Copyright 2012 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



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