iLounge

Apple has lost the exclusive rights to the iPhone trademark in Mexico, according to a report from El Universal. The Mexican company iFone, which registered its brand in 2003, has been confirmed as the legitimate owner of the trademark. Apple originally sought to prevent iFone from using its name.* It’s unclear as of yet what the fallout from the decision will be, though iFone corporate lawyer Eduardo Gallástegui said iFone is entitled to compensation for damage to the brand. [via 9to5Mac]

* Updated: The Verge reports that the Mexican court’s ruling does not as yet prohibit Apple from using the iPhone name for its own products, but rather permits iFone to use its name as it was previously registered for a somewhat separate class of products, regardless of Apple’s opposition.