• Discuss Entrepreneurship | Start-Ups | Starting a Business | Wealth | Money | Success | Investing
  1. Escape the Grind. Resurrect The Dream. Live Happily Ever After.

    Become an UNSCRIPTED™Entrepreneur.

    Don’t just build a business—build a life and a legacy. UNSCRIPTED™ Entrepreneurship is a specific subset of business creation that awakens dreams, frees time, and explodes incomes—but more importantly, it changes lives.

    Make no mistake; this isn’t something you “try”— this is something you live.
    KICKSTART YOUR PERSONAL REVOLUTION TODAY.
    Get The Book(s) Download More Info Register
    Registering for the forum removes this block!

Change Yourself.
Change Your Life.
Change The World.

Join now and within minutes, you can start getting advice from real millionaire entrepreneurs who live the dream.

Make 130k:"Apple Stamps Out 17-Year Old Entrepreneur"

Discussion in 'General Entrepreneurship and Startup' started by Mike39, Dec 23, 2012.

  1. Mike39
    Offline

    Mike39 Gold Contributor Read The Millionaire Fastlane Speedway Pass

    Messages:
    1,498
    Likes Received:
    1,498
    Joined:
    Mar 17, 2012
    Gender:
    Male
    Location:
    Orlando, FL
    Rep Bank:
    $2,156
    Came across this yesterday and thought it just went to show that a) if you solve a need people are just waiting to hand you their money and b) make sure you understand the legal aspects of any business you start before you end up on the bad side of a muli-billion dollar giant

    "A 17 year-old entrepreneur who first made news in November for offering white iPhone 4 parts via his website has now officially met Apple’s wrath. Queens, New York native, Fei Lam and his parents are being sued by the technology giant, according to news first reported by MacRumors.


    Frustrated that Apple hadn't released the now-available white iPhone 4, Lam created whiteiphone4now.com to make a few bucks. Using a contact he knew at Apple supplier Foxconn, Lam began buying spare parts. He then made them available as iPhone conversion kits.

    Get White iPhone Now Original Ad
    [​IMG]

    Before whiteiphone4now.com went down, Lam sold 470 of the kits worldwide for $279 each. Meaning the guy grossed over $130,000.

    In Apple’s May 25 filing, the company contends:

    Defendent Lam willfully and without authorization has used Apple’s trademarks in connection with the sale of his “White iPhone 4 Conversion Kits,” which among other things included white front and back panels with Apple’s logo and “iPhone” trademarks that are used in connection with the promotion and sale of Apple’s well known iPhone 4 handheld mobile digital electronic devices. Defendant at all times knew that Apple never has authorized the sale of white panels for its iPhone 4 mobile devices, and that he obtained these panels from sources that were not authorized by Apple or any of its suppliers to sell them.
    Apple’s remedy is to recover all of Lam’s profits from the sales, plus pay reimbursement for all expenses incurred.

    However, Apple also filed a voluntary dismissal of the lawsuit, which seems to suggest the two sides have come to some sort of out-of-court settlement. But, because the request for dismissal came without prejudice, the company could refile the claim in the future.

    In November, we suggested that if Lam purchased the parts in question legally, Apple’s gripe should be with Foxconn who sold the items. However, it’s clear Lam, and not Foxconn, is being targeted."

    Apple Stamps Out 17-Year Old Entrepreneur -- AppAdvice
     
    1 person likes this.
  2. InMotion
    Offline

    InMotion Silver Contributor Read The Millionaire Fastlane Speedway Pass

    Messages:
    858
    Likes Received:
    523
    Joined:
    Mar 18, 2011
    Rep Bank:
    $550
    This is what mega companies are very good at.
     
  3. MJ DeMarco
    Online

    MJ DeMarco Raving Lunatic Staff Member FASTLANE INSIDER Read The Millionaire Fastlane Speedway Pass Summit Attendee

    Messages:
    21,277
    Likes Received:
    41,665
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $208,350
    Admin Post
    Protecting their brand from potential trademark pirates?! This guy wasn't selling white iPhone cases.

    I wouldn't call someone who potentially infringes on others trademarks "Fastlane" -- I'm sure if one counterfeited a bunch of Louis Vuitton handbags, they'd make a killing too.
     
  4. InLikeFlint
    Offline

    InLikeFlint Bronze Contributor Read The Millionaire Fastlane Speedway Pass

    Messages:
    493
    Likes Received:
    412
    Joined:
    Nov 19, 2012
    Location:
    Michigan, USA
    Rep Bank:
    $1,450
    Great post!!

    For a while I was looking to get into the resale of Apple products because of the demand, and well, I love Apple :p

    My target was authorized retailers in small countries, my goal was that they couldn't make huge sales from their company so they would look to sell in bulk at a slightly lower price to a wholesale buyer (Me). I always wondered what sort of trouble opening up a website selling apple products would get me into, although I was initially planning to do it all through eBay with the assumption that it would offer me some sort of "Protection"
     
  5. yahdmon
    Offline

    yahdmon Bronze Contributor Speedway Pass

    Messages:
    372
    Likes Received:
    159
    Joined:
    May 3, 2012
    Location:
    I live in Bloomfield Hills, Michigan
    Rep Bank:
    $268
    It wouldn't have gained any protection.

    Ask many person who have tried selling knock-offs of major brands. Not only is Ebay and others obliged to and are looking out for these types of listings but the companies themselves are starting to look out for these product listings with crawlers as well as human efforts. Save yourself the trouble. It is not worth it and you will not win.
     
  6. Mike39
    Offline

    Mike39 Gold Contributor Read The Millionaire Fastlane Speedway Pass

    Messages:
    1,498
    Likes Received:
    1,498
    Joined:
    Mar 17, 2012
    Gender:
    Male
    Location:
    Orlando, FL
    Rep Bank:
    $2,156
    Either the kid didn't think he was doing anything illegal or he was just naive enough to believe that nobody would actually sit down and take the time to find him, either way I think apple did what would be expected and it's a hard lesson learned for the kid
     

Share This Page