News Summary: New iPad goes on sale in China

AP News
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Posted: Jul 20, 2012 5:36 PM
News Summary: New iPad goes on sale in China

THE DEBUT: Apple released its newest iPad in China on Friday. To control crowds, buyers had to place orders in advance.

THE DELAY: Although the iPad was made available elsewhere months ago, Apple was in a dispute in China over the name. The company paid $60 million to settle a lawsuit with a local company.

SIGNIFICANCE: China is Apple's second-largest market after the United States and the source of much of the U.S. company's sales growth.