Apple Set to Lose Rights to 'iPhone' Name in Brazil

Brazil's copyright regulator will strip Apple Inc. of the right to use its iPhone trademark in Latin America's biggest market and granted the trademark to a local company that registered it first, a source familiar with the decision said. Gradiente Eletronica SA, a Brazilian consumer electronics maker, registered the "iphone" name in 2000, seven years before Apple launched its now virally popular smartphone.