A Texas jury has ruled that Apple must pay $300 million to Optis, in royalties after patent disputes. Reuter reported that the jury instructed Apple to pay Optis Wireless Technology and some other companies in the case.
This is regarding some of the technologies, Apple used for its products such as iPads, iPhones, and watches which infringed Optis internal patents. This is the second trial against Apple concerning this patent.
These infringed technology patents are the 4G/LTE in its products, an initial $506 million in the first trial. But Apple appealed the action, hence the second trial.
The patents originally belonged to Panasonic, Samsung, and LG. Totaling five in number, Optis Wireless Technology now owns those patents.
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Apple responding to the Jury action, in a statement that said
“Optis makes no products and its sole business is to sue companies using patents they accumulate. We will continue to defend against their attempts to extract unreasonable payments for patents they acquire.”
Apple last month in a press statement released its third-quarter results, with the iPhone 12 series sales figure making a large chunk of profits.
The Cupertino-based company financial results for its fiscal year 2021 third quarter ended June 26, 2021. The third quarter had a record revenue of $81.4 billion, increasing 36% year over year. Profit stood at $21.7 billion that’s twice what the company made at the same time last year.
Out of its $81.4 billion revenue, Apple’s Products made $63.9 billion, and services completed with $17.4 billion.
At a whopping 39.5 billion, iPhone 12 net sales made almost half of Apple’s total revenue for the third quarter. Even in the 5G market the iPhone 12 series currently leads the line.
Despite its huge profits, Apple isn’t backing down. It insists it will not readily pay the royalties and defend its claims further.
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