Iphone has become a leather industry trademark in China.
The Chinese company Xintong Tiandi - specialized in leather production – has won a lawsuit against Apple in regard of the use of the trademark “Iphone” for.. leather goods. The trademark was registrered by the Chinese company in 2007 and was opposed by Apple in 2012. After the jury rejected its first claim, Apple appealed the decision; however, it didn’t succeed in demonstrating that the trademark was known in China prior to 2007: even though the trademark “Iphone” was first fiiled back in 2002, it was only registered in 2013.
This is certainly bad news for Apple considering that China is the second most profitable market after the U.S.