In May, Proview International rejected Apple’s earlier settlement offer, claiming that the amount was too low. The $60 million settlement was well below the $400 million Proview was angling for, but the company likely couldn’t afford dragging out this legal battle any further.
For Apple, $60 million is a small price to pay to move on from this dispute. China has become an increasingly important market for Apple, with its revenues there tripling last quarter to $7.9 billion.
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