Apple faces $862M fine after losing processor patent dispute
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Apple could be forced to pay out hundreds of millions of dollars in damages after losing a patent lawsuit over its processors. The case relates to Apple's A7, A8 and A8X processors used in the iPhone 5S, iPhone 6 and 6 Plus and various iPads. In the latest of many patent disputes for Apple, a US District Court jury agreed Tuesday that the company infringed on a 1998 patent held by the University of Wisconsin. Apple now faces damages of up to $862 million (around £560 million or AU$1.1 billion).
That's basically chump change to Apple.
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Apple could be forced to pay out hundreds of millions of dollars in damages after losing a patent lawsuit over its processors. The case relates to Apple's A7, A8 and A8X processors used in the iPhone 5S, iPhone 6 and 6 Plus and various iPads. In the latest of many patent disputes for Apple, a US District Court jury agreed Tuesday that the company infringed on a 1998 patent held by the University of Wisconsin. Apple now faces damages of up to $862 million (around £560 million or AU$1.1 billion).
That's basically chump change to Apple.
But, it's not chump change to their investors, is it? Apple has been patent trolled by a University. Very cool.
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Apple could be forced to pay out hundreds of millions of dollars in damages after losing a patent lawsuit over its processors. The case relates to Apple's A7, A8 and A8X processors used in the iPhone 5S, iPhone 6 and 6 Plus and various iPads. In the latest of many patent disputes for Apple, a US District Court jury agreed Tuesday that the company infringed on a 1998 patent held by the University of Wisconsin. Apple now faces damages of up to $862 million (around £560 million or AU$1.1 billion).
That's basically chump change to Apple.