Apple (NASDAQ:AAPL) was ordered to pay $502 million in a long-running legal battle over 4G technology patents, according to a Thursday ruling by the UK's Court of Appeal.
The dispute stems from claims by U.S.-based Optis Cellular Technology that Apple used its standard-essential 4G patents without proper licensing in iPhones and iPads. The case, originally filed in 2019, has gone through multiple rulings, with a 2022 High Court decision finding Apple infringed on two patents.
The new judgment overturns a previous UK court ruling that had awarded Optis $56.4 million. The updated amount covers global usage of Optis' patents from 2013 to 2027, excluding interest.
Apple said it would appeal, calling Optis a company that "makes no products and their sole business is to sue companies using patents they buy. Optis responded by saying the decision corrected a flawed ruling and acknowledged the true value of its patents.
Shares of Apple edged 0.2% lower in Thursday trading, showing little reaction to the court's decision.
Apple has faced several similar lawsuits globally as regulators tighten scrutiny around standard-essential patent licensing.
This article first appeared on GuruFocus.免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。