Sales for the iPad in China are up. The number made a huge increase from the second quarter's 1.15 million, to the third quarter's 2.07 million, a total of 80% increase. This comes after the recent trademark dispute resolution with Proview and according to Dick Chan (analyst for IDC), there's a huge correlation between the two.
Chan reminds us that until the dispute between Proview and Apple Inc. (NASDAQ:AAPL) was solved, the iPad was delayed until July 20, 2012. But that huge gap has been closed, as Apple now leads tablet sales in China, with Lenovo in second place as they shipped 278,000 tablets in the third quarter.
While this huge increase is a big step for Apple Inc. (NASDAQ:AAPL), they still have more room for progress as the iPad Mini and iPad with Retina Display have yet to make a debut in China, and there is no set date as to when they can expect the iPad to ship to the country.
Proview's dispute against Apple Inc. (NASDAQ:AAPL) hindered the company from making sales, and although the Cupertino-based tech giant made some significant financial progress after the matter, they're probably still behind in a significant way. Proview originally wanted Apple to pay about $400 million for the trademark. They also wanted the Chinese government to ban all sales of the iPad. Fortunately for Apple, both companies settled on an agreement that allowed Apple Inc. (NASDAQ:AAPL) to buy rights to the trademark for $60 million.
Apple's win proves that the company is on a definite roll and it doesn't appear that their success is going to stop anytime soon. They've got the entire fourth quarter and with holiday sales looming, they've got a lot to look forward to. I predict that Apple Inc. (NASDAQ:AAPL) will see an unprecedented amount of sales. Everyone loves Apple Inc. (NASDAQ:AAPL) and many of their gadgets are in high demand.