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Apple Must Pay $368 Million in Patent Suit Loss

By - Source: Seeking Alpha | B 41 comments
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Firm will have to pay $330,000 per day until the case is settled.

Apple has been ordered to pay over $368 million in a patent suit loss against intellectual property and patent holding firm, VirnetX.

A U.S. District Court upheld an earlier decision by a federal jury last year that awarded VirnetX over $368.2 million. Apple was found to have infringed upon patents pertaining to the networking technology utilized in its FaceTime video chat service.

The iPhone maker must pay VirnetX more than $330,000 per day until the case is settled, which will force Apple to seek a royalty settlement with VirnetX. Such a deal will require both companies to agree on exactly how much Apple should pay for any further use of the former's patents. Should they fail to reach an agreement, a new ruling could be made that would result in additional damages.

According to the original ruling, Apple's iPhone 5, iPad Mini, iPad 4, fifth-generation iPod Touch, and the latest Mac computers all infringe upon the patents. VirnetX, which is known for suing major technology firms related to patent infringement claims, said Apple infringed upon four of its networking patents that establish a secure connection between two devices.

 

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Top Comments
  • 41 Hide
    CKKwan , March 2, 2013 11:09 AM
    Troll vs Troll
  • 39 Hide
    Soda-88 , March 2, 2013 11:13 AM
    You brought it upon yourself, Apple.
  • 31 Hide
    NightLight , March 2, 2013 11:46 AM
    karma...
Other Comments
  • 41 Hide
    CKKwan , March 2, 2013 11:09 AM
    Troll vs Troll
  • 39 Hide
    Soda-88 , March 2, 2013 11:13 AM
    You brought it upon yourself, Apple.
  • 25 Hide
    pacomac , March 2, 2013 11:45 AM
    excella1221So the US once again takes the side of a patent troll? And this time, said troll isn't even doing anything fruitful about the freakin' patent, but just sits around and waits 'til it's sue time?


    Agreed. I'm sure once Apple have settled they will move on to Samsung, LG and Sony.
  • 31 Hide
    NightLight , March 2, 2013 11:46 AM
    karma...
  • 27 Hide
    hero1 , March 2, 2013 11:50 AM
    Looks like the little troll took a bite out of the big troll won. Die trolls die!
  • 30 Hide
    boltimuss , March 2, 2013 11:51 AM
    Couldn't have happened to a better company!
  • 16 Hide
    spentshells , March 2, 2013 12:03 PM
    Pay to play
  • 21 Hide
    Memnarchon , March 2, 2013 12:28 PM
    Tom's Hardware"Apple Must Pay $368 Million in Patent Suit Loss"


    Divine Judgement?
  • 19 Hide
    Borisblade7 , March 2, 2013 12:37 PM
    Total karma, apple acts like a douchebag patent troll thinking they invented the air we breathe, no another one does the same to them.

    The problem is the patent system needs a MAJOR overhaul when it comes to tech and esp software. Too many things are given patents that shouldnt be, and they are far too broad and so encourage patent trolls and massively stifle innovation.
  • 14 Hide
    RealBeast , March 2, 2013 12:43 PM
    Like Apple isn't going to pass the cost along to its customers?
  • 24 Hide
    azraa , March 2, 2013 12:57 PM
    Just waking up and come to read my news, an Apple fail.
    Dis gon be a good day - o-
  • 9 Hide
    garrick , March 2, 2013 1:11 PM
    Apple will just overcharge it's next batch of iProducts on the consumer to make up for the loss. Iphone 5's already cost more than what the 4 and 4s did at launch so expect the 5s or 6 to sell at an even higher price point.
  • 16 Hide
    sublime2k , March 2, 2013 1:11 PM
    Here Apple, have a taste of your own medicine.
  • -7 Hide
    teh_chem , March 2, 2013 1:19 PM
    I do not support the litigious nature of how Apple essentially stifles innovation and cooperation by basically not licensing its technology and suing anyone that has something that even resembles their tech. But at least they also make products. In this case, VirnetX is just a patent troll.
  • 5 Hide
    tmk221 , March 2, 2013 1:27 PM
    they are both worth each other
  • 13 Hide
    soundping , March 2, 2013 1:41 PM
    What goes around comes around.
  • 17 Hide
    LordConrad , March 2, 2013 2:38 PM
    ROFL!!

    Apple loses a lawsuit... Happy times!
  • 5 Hide
    neon neophyte , March 2, 2013 2:56 PM
    Quote:
    Like Apple isn't going to pass the cost along to its customers?


    and like customers arent going to respond by shifting loyalty to another company. not all of them obviously but apple is on a very slippery slope when it comes to consumer loyalty.

    so is their stock...
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