Cisco and Apple Share “iPhone”
Cisco and Apple have ended their brief battle over iPhone and decided to share the trademark name. Both parties have reached an agreement that will allow both companies to use the trademark globally. The detailed terms of the agreement seem to be strictly confidential. However, both agreed to “acknowledge the trademark ownership rights that have been granted, and each side will dismiss any pending actions regarding the trademark. In addition, Cisco and Apple will explore opportunities for interoperability in the areas of security, and consumer and enterprise communications.” (Cisco.com)
Analysts believe that this agreement will definitely benefit both parties. Even though Apple does not want to partner with any outside company, it partnering with Cisco will only improve its future product gears.