There is an old saying people use in reference of being at the top in every aspect in life, the saying goes “it comes with the territory”. This is very true for Apple Inc. (NASDAQ:AAPL) for which has become the norm to be in the news for other things besides company developments.
When a company is worth the same as Apple it will definitely draw attention and people tend to look at the company from A to Z.
This morning a federal jury found Apple guilty on infringement on a technology patent which was held by a foundation which protects the intellectual property of the University of Wisconsin. There isn’t a number in place referring to damages Apple is responsible for but Apple could face up to $862 million in damages according to sources. The court in Madison, Wisconsin rejected the claim from Apple explaining that the patents were invalid and that no infringement took place once so ever.
The Wisconsin Alumni Research Foundation announced their lawsuit against Apple in February 2014, in the lawsuit they claimed it used the foundation’s patented technology in its latest processors, which are used to power iPhones and iPad devices.
Though Apple isn’t new to lawsuits of this kind they are now getting more and more expensive and shareholders are now starting to get worried.
Apple has spent hundreds of millions in the last half decade on patent lawsuits.