Report: Apple loses iPhone brand case in China
According to The Guardian, a Chinese court ruled that a local company could still produce handbags and other goods bearing the words \"iphone.
Apple has tried to prevent the company from using the name on its iconic smartphone.
It is reported that the name \"my phone\" was registered in China in 2007, two years before Apple sold the iPhone in China.
The company produces handbags, wallets and mobile phone cases.
The ruling comes as Apple is being tested by a slowdown in China\'s iPhone upgrade. China is considered one of Apple\'s most important markets.
However, in an interview with CNBC, Apple CEO Tim Cook is still optimistic.
\"Middle Class (in China)
\"I am very optimistic about its future.
\"Follow Brett Molina on Twitter: @ brettmolina 23.