We all know that Apple, as a company, has far more money than they could possibly spend in this lifetime (within reasonable limits, of course, as we are not asking them to build a Death Star), but is paying fines due to a patent ruling in the court of law the best way to spend that kind of money? It was in November 2012 when a Texas jury decided that Apple was to fork out around $368 million in royalties to VirnetX, a company that owns patents relative to Apple services FaceTime and iMessage.
Fast forward to February 2013, and that ruling was upheld, with all four patents in question being reaffirmed as infringed. These patents have to do with creating a virtual private network between two devices (or VPN), and it seems that until both companies arrive at a kind of patent licensing agreement, Apple will have to fork out $330,000 each day to VirnetX. I guess that is one of the best ways to arrive at a solution, the longer Apple waits, the more money they bleed – something which shareholders would not be too happy with.
- 2014-01-16: Apple FaceTime Invention Boasts Of Face Morphing And Image Matching To Ensure That Video Remains Smooth
- 2014-01-09: iPhone 6 Could Feature 8MP Camera Only
- 2013-12-17: Apple Patents 'Desk-Free' Computer
- 2013-12-11: Apple Awarded Patent For Curved Screens
- 2013-12-08: Apple Spent $60 Million Fighting Samsung In Court
- 2013-06-21: Japan Court Claims Samsung Infringed Upon Apple’s Bounce Back Patent
- 2013-04-25: Judge Koh To Samsung And Apple: Lower Your Claim Numbers For 2014’s Patent Trial Already!
- 2013-04-22: ITC: iPhone Did Not Infringe On Motorola Patent
- 2013-04-11: German Court Invalidates Samsung 3G Patent
- 2013-03-27: Apple Sued For Patent Infringement With Siri