Apple is all set to start sales of the latest iPad 3 in China in July 20 on Friday, reported ComputerWorld.com.
As analyst expected, the move came when Apple Inc, has cleared itself of dispute of who own the iPad trademark. Earlier last week Apple paid around $60 million to Shenzhen Proview Technology, a Chinese PC and display supplier to settle the dispute over who owned the rights of the ‘iPad’ name.
iPad 3 which was launched in the US last March will cost around US $499 for the base model 16GB iPad with Wi-Fi and up to $829 for the 64GB Wi-Fi/3G model.
Currently the iPad 2 retails around 2,988 Yuan to 5,488 Yuan or US $469 to $861 as of exchange rates on Tuesday.
Chinese customers can buy their iPad from Apple’s online store or authorized retailers or from the five Apple stores in China. The Chinese sales region- which consists of Mainland China, Taiwan and Hong Kong is very lucrative for Apple. Apple retrieved 20 percent or $7.9 billion in sales revenue last quarter ending in March 31, which is a triple from the same quarter the previous year, according to latest figures.
Brian White, a financial analyst with Topeka Capital Markets said than sales figures will be even higher if Apple introduced the iPad Mini in Mainland China which expected to be launched in September. Ultimately the iPad Mini will sell well in China not because of its smaller form factor but also its lower price, White added.
The iPad Mini is expected to cost around $250 to $300.