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This is an archive article published on February 15, 2012

Chinas Proview seeks iPad trade ban

A Chinese tech firm claiming to own the iPad trademark plans to seek a ban on exports of Apple Incs computer tablets from China,a lawyer for the company said

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A Chinese tech firm claiming to own the iPad trademark plans to seek a ban on exports of Apple Incs computer tablets from China,a lawyer for the company said.

If successful,the move would deal a blow to the US technology giants iPad sales. Not only is China a huge consumer market but it is a major production base for the American companys iconic products including the iPad,iPhone and iPod.

In another development,Apples stock broke above $500 for the first time Monday. The shares hit $503.83 soon after opening,before subsiding to $502.60 in after-hours trading.

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