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Clearing the way for the new iPad’s sales in China paying Proview a settlement of $60 million for the right to use the ‘IPAD’ trademark in China. The latest version of the iPad is yet to make an appearance on Chinese shores due to the legal dispute over the trademark but the settlement should lift the ‘ban’ on the new iPad. Going by how important China is for Apple considering the huge growth in sales that the company is seeing from the region, this is good news for Apple and its legion of Chinese fans waiting to get their hands on the latest tablet. Upside target from here will be $700 +16% from current levels.
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