 This is the VOA Special English Economics Report. Apple sold over 15 million iPads just in the final three months of 2011. Now the popular tablet computer is in its third generation. But as Apple prepared to launch a new iPad on March 7th, it faced legal challenges in China over rights to the name of the device. A court in Guangdong province heard a case brought by the Chinese company ProView Technology. ProView is based in Shenzhen in southern China and belongs to ProView International Holdings. The company says it holds the legal rights to the iPad name in China. Apple says it bought the iPad trademark in China and nine other countries from a business owned by ProView in 2009. A lawyer for ProView said he believes Apple has not provided new evidence for the case in Guangdong. Apple was appealing a decision by a lower court which found that the company did not own the iPad name. Another lawyer for ProView said the legal issue over the trademark was clear. He said his company is fighting Apple over the idea of ownership. He also said ProView was willing to settle with Apple for the right amount of money. ProView says it holds the trademark for the name of a device called an Internet Personal Access Device or iPad. The device looks like a desktop computer. ProView says it sold about 20,000 of them over about 10 years. It says it received the trademark or legal rights to the name in 2001. ProView is in financial trouble. It has reported losses since 2008 and dismissed thousands of workers. Apple's legal team says that ProView is nearing failure. Apple says ProView has no product, no buyers, and no suppliers. Apple argues that a ruling against Apple would harm the interests of consumers in China. Apple holds 76% of the tablet computer market in that country with its iPad. A final decision by the High Court in Guangdong is expected to take weeks. The trademark issue has not herped Apple's stock price at least so far. Apple has become the most valuable publicly traded stock in the world, worth about $500 billion. For VOA Special English, I'm Mario Ritter. You can read, listen, and learn English with our programs and activities at voaspecialenglish.com. You can also find English lessons at the VOA Learning English page on Facebook.