Apple is no stranger to lawsuits. Whether they be for trademarks, design patents or technology, it’s been there and done it on all fronts and fought against virtually every major manufacturer and some much smaller companies. The latest intriguing case was in Brazil. A country which has only recently become an area of major focus for Cupertino’s chiefs. It had been speculated that Apple could not use the ‘iPhone’ brand name in Brazil due to an existing Android-powered smartphone of the same name being on sale there.
Thankfully the two companies involved have decided to end the dispute with a settlement. In other words: Apple will pay IGB to use the name. As noted by Forbes:
According to Brazil’s largest daily, Folha de São Paulo, both companies have agreed to end the lawsuit over iPhone and come to some sort of “pacific agreement,” the paper reported on Saturday. Apple has paid millions for its exclusive use of the word iPhone in the past and will likely pay IGB as well.
No specific amount of cash has been reported yet, but it’s going to be in the millions. The iPad/Proview lawsuit in China cost Apple $60 million. And years before now, Apple had a huge case to settle for using the iPhone brand name which was owned by Cisco.