From Seeking Alpha
Things do not seem to be working well for Apple (AAPL) in Brazil. The country's National Institute for Industrial Property has recently rejected Apple's claim to take up the iPhone name and register it. The country is looking to become the third-biggest smartphone market in the near future while Apple is one of the biggest players there. In this article, I examine Apple's case, the growing importance of Brazil's smartphone market and discuss the company's current stock, which has recently touched its 52-week lows.
Apple Vs. Gradiente
Apple lost the law suit to a Brazilian electronic maker IGB Eletrônica S.A, otherwise known as Gradiente, which has owned the right to the name "iPhone" since 2000, about seven years before Apple launched its iconic phone. Gradiente was awarded …. Read more