In Brazil, Apple and IGB, a local electronics maker, have legalized the trademark of the word “iPhone”. News of the fight You may already know. Apple lost the case, and the use of the “iPhone” name in the country could only be considered valid for gradients. But Forbes According to the report, the US company is in the process of reaching an agreement on getting the iPhone trademark.

In 2000, almost eight years before Apple introduced the iPhone, Gradient (now IGB Electronica) applied to the Brazilian intellectual property authority for a trademark for the word “iPhone” in Brazil. Then in 2006 they got the rights. And this is the reason why IGB won by fighting against Apple in the court.

The final disagreement with Apple began in December last year when a local company marketed an Android-powered smartphone using the “iPhone” name. But in light of the situation, it seems that Apple is moving towards a compromise as it could not get much benefit from the court’s verdict.

However, the IGB has been saying from the beginning that they are willing to sit in any discussion. And the recent news settlement is probably the result of that discussion.

It is unknown at this time what he will do after leaving the post.

Of course, in a similar situation in China in the middle of last year In exchange for 60 million Apple bought the iPhone trademark from a company called Proview.