Jul 31, 2014 - 05:15 PM EDT — AAPL: 95.60 (-2.55, -2.6%) | NASDAQ: 4369.773 (-93.129, -2.09%)
“Apple today suffered another setback in securing the legal rights to one of its product names outside the U.S.,” Josh Lowensohn reports for CNET. “In a ruling this week, The Mexico Supreme Court upheld a lower court’s decision to keep granting ownership of the iPhone name to a company named Ifone SA.”
“Ifone SA registered the moniker in 2003, four years before Apple launched its popular smartphone,” Lowensohn reports. “Ifone SA has its own “Ifone” brand, though no smartphone product. In its own legal offensive, filed with the Industrial Property Institute, Ifone is going after Apple as well as three local mobile phone carriers for monetary damages.”
Read more in the full article here.