“According to Brazil’s largest daily, Folha de São Paulo, both companies have agreed to end the lawsuit over iPhone and come to some sort of ‘pacific agreement,’ the paper reported on Saturday,” Rapoza reports. “Apple has paid millions for its exclusive use of the word iPhone in the past and will likely pay IGB as well.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Lynn Weiler" for the heads up.]
Apple loses iPhone trademark exclusivity in Brazil, must share with Gradiente Eletronica; Apple lodges appeal – February 14, 2013
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Analyst: Apple likely to buy right to use iPhone brand in Brazil – December 27, 2012
IGB to sell ‘IPHONE’ brand of Android phones in Brazil – December 18, 2012