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Nokia Sues Apple for Patent Infringement in Europe & US
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Nokia Corporation (NOK - Free Report) recently announced that it has sued Apple Inc. (AAPL - Free Report) for patent infringement. The complaints against Apple have been filed in Germany and the U.S. Per Nokia, Apple has declined offers presented by Nokia for licensing the patented inventions of the former that are used in several products of Apple. Per Nokia, Apple had last agreed to a license covering certain patents from portfolio of Nokia Technologies in 2011.
Nokia’s portfolio – after its acquisition of NSN in 2013 and Alcatel-Lucent in 2016 – comprises three valuable groups of intellectual property. The company owns a number of patents for various technologies used in smartphones, tablets, personal computers and other devices. Notably, the company has invested over EUR 115 billion in Research and Development in the past 20 years. The company’s technologies are widely used across several mobile devices, including those by Apple.
Nokia said that it was compelled to take the action after several years of negotiations failed. The actions concern 32 patents covering features such as user interface, antenna, software, video coding, display and chipsets. The company has filed lawsuits in the Regional Courts in Dusseldorf, Mannheim and Munich in Germany and the U.S. District Court for the Eastern District of Texas. The company also mentioned that it is likely to file additional actions in other jurisdictions.
Zacks Rank and Performance
Nokia carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has been struggling to boost sales of its smartphones. However, it is rapidly expanding in the field of technology and wireless infrastructure. The company has entered into collaborations and agreements with leading names globally despite competition from peers like Motorola Solutions Inc. (MSI - Free Report) and Clearfield Inc. (CLFD - Free Report) .
We note that Nokia’s stock has underperformed the Zacks categorized Wireless Equipment industry over the past six months. Shares of the company declined 16.49%, while the industry gained 7.08% over the same period.
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Nokia Sues Apple for Patent Infringement in Europe & US
Nokia Corporation (NOK - Free Report) recently announced that it has sued Apple Inc. (AAPL - Free Report) for patent infringement. The complaints against Apple have been filed in Germany and the U.S. Per Nokia, Apple has declined offers presented by Nokia for licensing the patented inventions of the former that are used in several products of Apple. Per Nokia, Apple had last agreed to a license covering certain patents from portfolio of Nokia Technologies in 2011.
Nokia’s portfolio – after its acquisition of NSN in 2013 and Alcatel-Lucent in 2016 – comprises three valuable groups of intellectual property. The company owns a number of patents for various technologies used in smartphones, tablets, personal computers and other devices. Notably, the company has invested over EUR 115 billion in Research and Development in the past 20 years. The company’s technologies are widely used across several mobile devices, including those by Apple.
Nokia said that it was compelled to take the action after several years of negotiations failed. The actions concern 32 patents covering features such as user interface, antenna, software, video coding, display and chipsets. The company has filed lawsuits in the Regional Courts in Dusseldorf, Mannheim and Munich in Germany and the U.S. District Court for the Eastern District of Texas. The company also mentioned that it is likely to file additional actions in other jurisdictions.
Zacks Rank and Performance
Nokia carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has been struggling to boost sales of its smartphones. However, it is rapidly expanding in the field of technology and wireless infrastructure. The company has entered into collaborations and agreements with leading names globally despite competition from peers like Motorola Solutions Inc. (MSI - Free Report) and Clearfield Inc. (CLFD - Free Report) .
We note that Nokia’s stock has underperformed the Zacks categorized Wireless Equipment industry over the past six months. Shares of the company declined 16.49%, while the industry gained 7.08% over the same period.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>