“If you make crappy, copycat products, that’s bad enough”, one wrote.
Apple could lose the right to sell certain iPhone models in China as local authorities say the company has copycat smartphone designs. China accounted for 26 per cent, or $61 billion, of Apple’s revenue previous year, up from 12 per cent in 2011, based on calculations by RBC Capital Markets analyst Amit Daryanani.
United States stocks sat out an equity rally that lifted shares in Europe and Asia Friday, with the Nasdaq falling especially hard due to weakness in Apple and other tech names. Many chalked it up to Chinese officials’ love for iPhones. However, the analyst said he sees the stock as attractively valued and expects the company’s gross margins to rebound over the next quarters. China halted Apple’s book and movie services in April for allegedly violating foreign publishing regulations. It came as a surprise for many Apple users because usually, it is the company which is chasing down Android smartphone makers for copying their devices.
Along with trying to boost its own sales in China, Apple has invested in other opportunities in the country. He is on the advisory board of Tsinghua University’sSchool of Economics and Management. With the possibility of China, on a broader sense.
China is Apple’s largest market after the USA – accounting for over 25% of total sales – and plummeting iPhone sales in the country was one of the main reasons why the tech giant posted the first ever year-over-year decline in iPhone shipments for the March quarter.
The action against Apple was brought by Shenzhen Baili in defense of its 100C phone. Xu Guoxiang, holder of the patent and listed as a Baili representative on the yellow-pages site czvv.com, did not answer calls seeking comment.
Billionaire investor Carl Icahn was on to something when he dumped his entire stake in Apple Inc. Baidu’s founder, Robin Li, is a delegate of the central government’s political-advisory committee.
It’s not Apple’s first legal challenge in China. As one of the most successful Western brands in the country, Apple has often drawn regulatory attention and opportunistic lawsuits. The company lost a trademark battle regarding the iPad and had to fork over $60 million to a different Chinese company. We appealed an administrative order from a regional patent tribunal in Beijing last month and as a result the order has been stayed pending review by the Beijing IP Court. “So, this case falls into the patent rights protection category”, reads the ruling. The Beijing Intellectual Property Office just ruled that because the devices infringe on the patent rights of the 100C, a phone made by Shenzhen Baili that nearly no one has ever heard of.
However, Apple is not standing down and will be fighting this weird change (via Patently Apple). It wasn’t clear when the statement was posted online.
According to the Beijing Intellectual Property Office, the reason the sales ban is because “it would be hard for buyers to tell the “minute differences” between the two phones”. It is common in these cases for an injunction to be suspended throughout the appeal process, he said.