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    News Summary: New iPad goes on sale in China

    By The Associated Press | Associated Press – Fri, Jul 20, 2012

    THE DEBUT: Apple released its newest iPad in China on Friday. To control crowds, buyers had to place orders in advance.

    THE DELAY: Although the iPad was made available elsewhere months ago, Apple was in a dispute in China over the name. The company paid $60 million to settle a lawsuit with a local company.

    SIGNIFICANCE: China is Apple's second-largest market after the United States and the source of much of the U.S. company's sales growth.

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