So Now That Apple Paid $60 Million To Settle The TM Dispute Over iPad In China, Tell Me Domains Are Expensive
News out this morning here in Europe is that Apple just paid $60 Million dollars to settle the claim of a Chinese company over a trademark for the term iPad.
Yes Apple bought the Trademark rights from a Taiwanese company, but a Chinese company claimed the rights purchased did not include mainland China.
So Apple just paid $60 Million to settle a trademark dispute really for only mainland China.
Now tell me how expensive domain names are.
Tell me how crazy it was for Facebook to shell out $4.5 Million for FB.com or how insane it was for the owners of meetme.com to spend $450K to buy meet.me
What will be the market’s reaction to this “crazy” amount of money being spent to secure a piece of intellectual property, of which domain names broadly fall into the category of?
Of course it depends on the market in general to some extent and since its 5 am here in Europe as I write this, the market hasn’t opened for pre-trading but I think the news will be viewed very positively.
Domain names by any measure are still way under priced compared to other similar intellectual property like Trademark and Patents.
Just a reminder