“Proview didn’t regard the settlement amount to be especially large, according to Xie, but the company is insolvent and close to liquidation, and the $60 million, a drop in the bucket for Apple, will be used to repay some of its creditors,” Knapp reports. “Greater China, including Hong Kong and Taiwan, is Apple’s second-biggest market after the United States.”
Read more in the full article here.
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