Asset Castle Investments Follows Apple When Ordered To Stop iPhone 6 Sales In China Closely

This week Apple has been told to suspend sales of two versions of the iPhone 6 in Beijing because they are too similar to a competitor.

The order by an intellectual property tribunal said the iPhone 6 and 6 Plus infringed a design patent for the 100C model made by Shenzhen Beili, a small Chinese brand.

The order was issued in May but reported this week by Chinese media.

Apple said it had been allowed to continue selling the devices for now after a Beijing court stayed the administrative order on appeal.

Shares in Apple fell 2.3% after the news emerged, contributing to a fall on the S&P 500 of 0.3% and a 0.9% drop for the Nasdaq.

It is the latest setback for Apple in its second biggest market after regulators forced it to suspend the iBooks and iTunes Movies services in April.

Then in May, a court ruled a Chinese company would be allowed to use the iPhone trademark on bags, wallets and other leather goods.

Even with the slight drop in shares from the recent press Apple are the dominant force in the tech market and these small setbacks are a dot in Apples continuing success stated tech analyst Joan Dias for Asset Castle Investments.

Asset Castle Investments is a private, leading global alternative asset manager with approximately $87 billion of assets under management ("AUM") and approximately 800 employees.

We seek to deliver attractive performance to our investor base across our investment groups and strategies, including tradable credit (long-only and alternative credit), direct lending, private equity and real estate (debt and equity). The firm is headquartered in Hong Kong.

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This release was published on openPR.