Reuters: Technology News: New iPad hits China July 20, well behind other markets

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New iPad hits China July 20, well behind other markets Jul 10th 2012, 15:29 Tweet Share this Email Print Related News Samsung wins bid to sell Nexus in Apple court battle Fri, Jul 6 2012 Samsung's Galaxy powers record $5.9 billion profit; euro a worry Fri, Jul 6 2012 Judge who shelved Apple trial says patent system out of sync Thu, Jul 5 2012 Samsung loses bid to lift ban on U.S. tablet sales Tue, Jul 3 2012 Apple pays $60 million to settle China iPad trademark dispute Mon, Jul 2 2012 Analysis & Opinion China grows faster but most Cubans are better off Chinese IP awareness, sown by West, bruises Apple A man inspects the Apple New iPad (L) next to an iPad 2 at an electronics store in Mumbai April 27, 2012. Credit: Reuters/Vivek Prakash Tue Jul 10, 2012 11:29am EDT (Reuters) - Apple Inc's latest iPad finally hits store shelves in China on July 20, months after the newest model of the tablet computer went on sale around the globe, the company said on Tuesday. The product's rollout in the world's No. 2 economy comes weeks after the iPhone maker finally settled a dispute over the iPad trademark, paying local company Proview Technology $60 million in a court-mediated settlement. China is a crucial market for Apple, but the company has to fend off growing competition and has come under criticism for not addressing alleged labor abuses at Foxconn and other contract manufacturers. In March, Apple agreed with Foxconn to improve wages and working conditions. Apple's sales in China, Hong Kong and Taiwan leaped threefold to $7.9 billion in the fiscal second quarter ended March, accounting for about a fifth of global revenue. The iPad, whose latest model went on sale in March in 10 countries from Australia to the United States, currently dominates China's tablet PC market with a more than 70 percent market share. But homegrown PC maker Lenovo Group Ltd's Lepads and Samsung Electronics Co Ltd's Galaxy Tabs have been gaining traction. Shares of Apple edged up 0.1 percent to $614.44 in morning trading. (Reporting by Edwin Chan in San Francisco; Editing by Lisa Von Ahn) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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