Apple has apparently come to an agreement with Gradiente over the 'iPhone' trademark in Brazil, reports Forbes. Regulators recently ruled that Gradiente Eletronica owned the rights to the trademark for the country.
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. The Gradiente iPhone runs on Android and not on the Mac operating system for smartphones.
The details of the agreement are currently unclear.
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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. The Gradiente iPhone runs on Android and not on the Mac operating system for smartphones.
The details of the agreement are currently unclear.
Read More