The Supreme court denied Apple’s appeal of the ruling in a recent iPhone tardemark case in Mexico.
A company called Ifone (pronounced just like iPhone) owns the trademark on the name, and it sounds too phonetically similar to iPhone. Since both companies are in a related business dealing with phones, Ifone sued saying that the name iPhone is too similar and can cause confusion.
Apple apparently tried to countersue, saying that the trademark had expired for Ifone. However, the court found that iFone registered the trademark in 2003. They used it fairly, and still have ownership. Ifone wants Apple to pay up for damages resulting from the use of iPhone.
We imagine Apple will settle and just get it over with.
You can read a little background about Apple and iFone here.