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Apple (AAPL - Free Report) recently lost its legal battle with Optis Cellular Technology. A U.K. court upheld the ruling that AAPL infringed two patents owned by Optis. The patents are claimed to be essential for 4G mobile technology used in iPhones.
The case is part of a long-standing legal battle that started in 2019, when Optis sued Apple for infringing eight of its patents which are essential to certain technological standards, such as 4G.
Apple had claimed that the two patents were not essential to 4G standards and it didn't use the patented technology in the UK, but the court rejected that argument.
The Court of Appeal's decision follows a previous ruling in October 2022, where Optis successfully appealed against the revocation of two other 4G-related patents. This ruling granted Optis the power to prevent Apple from further infringing upon their patents until a court has decided on the fair, reasonable and non-discriminatory terms of use.
Apple Inc. Price and Consensus
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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