Apple ordered to pay $625m in patent dispute with VirnetX - Dainikshiksha

Apple ordered to pay $625m in patent dispute with VirnetX

Online Desk |

Apple Inc must pay VirnetX Holding Corp more than $625 million for using the patent licensing company’s Internet security technology without permission in its FaceTime and iMessage features, a federal jury in Texas said on Wednesday.

The award was more than the $532 million VirnetX had sought before the trial began on Jan. 25 in Tyler, Texas. The jury said Apple’s infringement was willful.

VirnetX stock was trading at $9.30 after hours, up 94 percent from its Wednesday close. Apple was down 45 cents to $95.90 in after-hours trading.

The verdict, though a blow for Apple, does not pose a threat to the company, which reported in January that its cash pile had reached $216 billion. Still, the amount is high for a patent case.

10 lakh students drop out of school in four years - dainik shiksha 10 lakh students drop out of school in four years DU admission test results for 2023-24 session published - dainik shiksha DU admission test results for 2023-24 session published Intern doctors call off nationwide strike upon health minister’s assurance - dainik shiksha Intern doctors call off nationwide strike upon health minister’s assurance 14 students get Bangabandhu Creativity Talent Hunt prizes in Rajshahi - dainik shiksha 14 students get Bangabandhu Creativity Talent Hunt prizes in Rajshahi please click here to view dainikshiksha website Execution time: 0.0035350322723389