Some legal experts said there could be different outcomes from the U.S. and Chinese cases, but a spreading of the lawsuit and delay in coming to settlement terms could hurt Apple more.
“In relation to the U.S., Apple is going to somewhat have a homeground advantage,” said Elliot Papageorgiou, a Shanghai-based partner and executive at law firm Rouse Legal (China).
At stake for Apple is its sales and shipments in China, where its CEO Tim Cook said it was merely scratching the surface. Debt-laden Proview International, meanwhile, needs to come up with a viable rescue plan before mid-2017 or else it faces delisting from the Hong Kong stock exchange.
- Apple’s China legal battle over iPad spreads to U.S., Reuters, February 24, 2017.
3. Scratch below the surface:
Record high gas prices have been making the news headlines for the past few months. Each week gas prices top the previous week, resulting in a new all-time high. Unless you are fortunate enough to live, work and play within walking distance from your home, you have been affected by these high gas prices like the rest of the nation. While the public continues to be outraged about gas prices, some politicians (McCain, Bush, and Gingrich) are taking advantage of the dire situation by organizing a push to drill for oil along our coastlines and lift a 27-year moratorium.
But, if you scratch below the surface of their “drill now pay less” rhetoric, you’ll learn that the only people who stand to benefit from offshore oil drilling would be their friends in big oil. Exxon Mobil and the other oil major oil companies are already bringing in record profits due to high gas prices, more drilling would mean they’d make even more money, while the public would not see any change in gas prices.
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