Apple might have to pay out 328M or 1% per year

Discussion in 'Apple, Inc and Tech Industry' started by bobenhaus, Jun 8, 2014.

  1. Fireblade macrumors 65816

    Fireblade

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  2. Lloydbm41 macrumors 68040

    Lloydbm41

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    #3
    This is going to be a long drawn out process and doubtful it will happen in the long run. Just like I doubt Samsung will ever give Apple 1 billion dollars. The appeals process can take up to a decade.
     
  3. jamezr macrumors G4

    jamezr

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    #4
    yep.....it will take a decade and Apple with all its might will lawyer them to death.......it will be more cost effective for them to just drop the suit.......
     
  4. bobenhaus thread starter macrumors 6502a

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    #5
    Yeah from what I've read is that the lawsuit is at the end and Apple has no more options but to start paying.
     
  5. Lloydbm41 macrumors 68040

    Lloydbm41

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    #6
    This is quoted directly from the article:

    "VirnetX still has to prove its case in front of the Federal Circuit before it is awarded the royalty on infringing devices."

    And then, even if it wins there, Apple can take it to the federal appealate court, and even after that they could potentially take it to the Supreme Court. Basically, Apple could run these patent trolls into the ground so they run out of cash before a single penny is dished out in royalties.
     
  6. bobenhaus thread starter macrumors 6502a

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    #7
    Well I also listen to this radio show regarding this lawsuit and it really sounds Apple is in a pickle. I cant remember the radio show but it was on yesterday. I think it was some type of lawyer show.
     
  7. Technarchy macrumors 604

    Technarchy

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    #8
    Federal courts...
     
  8. Vegastouch, Jun 8, 2014
    Last edited: Jun 8, 2014

    Vegastouch macrumors 603

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  9. MRU macrumors demi-god

    MRU

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    #10
    $328 million to Apple is like $2.50 to the rest of us

    [​IMG]
     
  10. Lloydbm41 macrumors 68040

    Lloydbm41

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    #11
    That's 328 million per year for the last x years. As long as Apple keeps selling more phones that is 1% each year of that profit number. So, it will be more money each year, until Apple finds a way around the patent. If it ever gets that far anyway.

    And it doesn't matter if it is Apple. A little over a quarter of a billion dollars a year to a patent troll is a travisty. And Apple will feel the pinch.
     
  11. Vegastouch macrumors 603

    Vegastouch

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    #12
    Then they wont mind giving me 1 million just for the hell of it. Its just like giving a bum a dime.
     
  12. B... macrumors 68000

    B...

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    #13
    No, it's pretty significant even though they have $150+ billion in the bank.
     
  13. kdarling macrumors demi-god

    kdarling

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    #14
    Of course, Apple does not have anywhere near that much in the USA, which is where this lawsuit is based.

    --

    Apple's lawyers have not done well with this case so far.

    First they got sanctioned for stopping an Apple engineer from completing his disposition about their own VPN work. (Apple claimed that VirnetX's inventions weren't patentable, yet it came to light that Apple themselves had tried to patent almost the same thing. Ooops.)

    When deciding royalties, Apple claimed that the patents were worthless, saying that it could be worked around very easily. But after they lost, Apple's lawyers suddenly flipped 180 degrees and claimed that it would be a huge hardship to change their code. Well, that didn't make the judge happy at all, which is why they're now on the line for almost 1%.

    Apple also claimed that they shouldn't have to pay high royalties because they had good reason to believe the patents were invalid.

    Apple is basically using all the same defensive arguments against VirnetX, as Samsung tried with Apple, and we know how well that went.
     
  14. Switchback666 macrumors 68000

    Switchback666

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    #15
    I aways read your post regarding this cases and anything related to touchscreen technology :) how do you think this case will end ?
     
  15. monkor macrumors regular

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    #16
  16. I7guy macrumors G5

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    #17
    Not sure how much there is to discuss, except the system needs reform.
     
  17. 617aircav Suspended

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    #18
    Well if they own the patent people need to pay up.
     
  18. kdarling macrumors demi-god

    kdarling

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    #19
    Thank you, however I usually avoid predictions :)

    Even though everything points towards Apple being stuck with the payments, you just never know when some political influence will come through and save them, as happened with that ITC injunction.

    Instead, please allow me to point at a couple of interesting dissections of the current state of affairs. Also read the counter-comments. Be aware that the articles are from people investing in VirnetX.

    VirnetX Vs. Apple At The CAFC: Why VirnetX Will Be Just Fine

    VirnetX Vs. Apple At The CAFC: What Was Said And Why

    --

    VirnetX is not what most people call a patent troll, as they didn't just buy up some patents. Instead, they're headed by a group of scientists who invented what they are trying to license.
     
  19. norradmcdonalds macrumors newbie

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    #20
    Finally, the biggest troll of them all is getting a taste of their own medicine. Hopefully this forces Apple to start innovating, otherwise they should go down.
     
  20. TechGod macrumors 68040

    TechGod

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    #21
    Do you know what Apple is doing behind closed doors? Do you know what products they are working? Do you work at Apple? oh wait... you are just some random person on the internet regurgitating the same garbage as the rest of the Android fanboys:rolleyes:
     
  21. Fireblade macrumors 65816

    Fireblade

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    #22
    Fixed it for you...
     
  22. The-Real-Deal82 macrumors 601

    The-Real-Deal82

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    #23
    As long as they keep producing phones and tablets I can buy, I really don't care what they have to pay in fines. I'm a consumer who buys what they like, not someone who judges the ethics of a companies business practises.
     
  23. TechGod macrumors 68040

    TechGod

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    #24
    He clearly isn't an apple fanboy. And you can see he is an Android fanboy. don't fix sentences that are wrong:rolleyes:
     
  24. quagmire macrumors 603

    quagmire

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    #25
    I don't think you know what a patent troll is.....

    A patent troll is a company that only exists because of the patents they hold. They don't turn those patents into products or sell anything. They just mass up patents and sue companies to make their money.

    Yes, Apple has been very much a bully in regards to their litigation actions, but they are hardly a patent troll.
     

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