Apple (NASDAQ AAPL) has got part of another lawsuit. The lawsuit sees Apple being sued by Ericsson, who claim that Apple may well be using their patents. Ericsson has filed a complaint against Apple in the German, Dutch and British Courts. While Ericsson has made clear that they wanted to settle the issue through a global licensing agreement but apparently that offer expired due to the lack of interest from Apple.
Here in this article, we will take a closer look at the given lawsuit. We will consider the affects which such a lawsuit might have on the company and on the stock NASDAQ AAPL. Ericsson would also face repercussions of the lawsuit and it would be intriguing to see the whole case in depth.
Ericsson has filed a lawsuit for Dutch, German and British courts, asking them to take a closer look at whether Apple has been using Ericsson’s patents in its devices which include the likes of iPhones and iPads. Ericsson claims that they do not know for certain and were willing to settle with a new offer.
Apple Inc (NASDAQ AAPL): Another Lawsuit
The proceedings in the courts refer to the usages of 2G and 4G technologies. These technologies are a mainstay in smartphones and therefore it is no surprise that the usage would have a major affect on the performance of the given devices.
Ericsson has claimed that they wanted to reach an agreement with Apple and while the discussions have gone on for some two years, no agreement was reached. Apple did not comment on the subject but they have filed a counter case on the same issue.
Apple Inc financial news (NASDAQ AAPL)
Apple (NASDAQ AAPL) remains a great stock in the current market. The tech giants have been trading at very high levels of around $125 and analysts have placed a target of $135. The stock has gained a lot in the recent months and therefore it would not be a surprise if they go onto reach even higher levels.
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