Apple Loses A $300 million Patent Fight
Apple is fighting with a patent house and it does not look great for the mobile device giant, Fortune notes.
Apple must pay $300 million in royalties after a U.S. jury found that the iPhone maker allegedly infringed on the technology patents of Optis Wireless Technology, according to a report by Reuters. The decision was part of a retrial involving patents that stemmed from companies including LG, Panasonic, and Samsung; Optis eventually obtained those patents, which were allegedly used in Apple products like iPhones, Watches, and iPads. In response to the jury’s decision, Apple said in a statement, per The Verge, that it would “continue to defend against [Optis's] attempts to extract unreasonable payments for patents they acquire.” Said a spokesperson for Apple: “Optis makes no products and its sole business is to sue companies using patents they accumulate.”