Apple Owes 5.7B in Haptic Patent Case

A US jury ruled that Apple must pay Taction more than 5.7 billion dollars for infringing haptic technology patents in iPhones and Apple Watches. Apple plans to appeal the record verdict, arguing its Taptic Engine is fundamentally different.

Xurve View
Insights:
The Apple logo is pictured behind the clock at Grand Central Terminal in the Manhattan borough of New York, February 21, 2016. REUTERS/Carlo Allegri

A United States jury ordered Apple Inc. to pay $5.7 billion on Friday afternoon for patent infringement regarding haptic technology in iPhones and Apple Watches. The verdict marks the largest patent award of its kind to date. Apple vowed to challenge the decision, calling the technology fundamentally different.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.