Apple Loses Patent Infringement Suit, Ordered to Pay $533 Million | Rolling Stone:
It seems apropos that Rolling Stone would have a great report on the iTunes (Apple) law suit loss to the tune of 1/2 billion dollar$. The loss rules that Apple did infringe on the 6 patents related to the storing and accessing of songs, videos and games.
In the suit that might well be called the the Apple vs. the Troll, the ruling was that Apple not only infringed, but willingly did so and consequently results in the terrible treble-damages penalty that makes patents such a powerful weapon.
The other company is Smartflash. This is a non-practicing entity (NPE), that might unkindly be called a patent troll.
Apple plans to appeal. Smartflash is aiming for the iPhone and iPad sales/profits because those devices actually play iTunes music that is subject to the infringing patents.
Imagine how many billion paid downloads from iTunes it takes to make up a $0.5B to pay the fine.? WoW.
This could get uglier and uglier.
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Intell Zine, an Intellectual property (IP) magazine, chronicles innovation trends and brand building ideas. This blog focuses on patent commercialization, but addresses all aspects of innovation, branding and IP (patents, trademarks, copyrights, and trade secrets).
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