Apple Loses Appeal Over 4G Patent Infringement in London Court, Optis Scores Another Victory
Portfolio Pulse from Anusuya Lahiri
Apple Inc has lost an appeal in London's Court of Appeal over two telecommunications patents used in its devices, marking another victory for Optis Cellular Technology LLC. The legal battle began in 2019, with six separate trials and several appellate hearings in Britain. In June, the Court of Appeal upheld an appeal by Optis against an earlier decision to revoke two other 4G-related patents. Apple's shares traded lower by 0.20% at $192.07 premarket on the last check Wednesday.
July 05, 2023 | 12:05 pm
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NEUTRAL IMPACT
Broadcom was mentioned in relation to a previous patent case brought by the California Institute of Technology. However, the current news does not directly impact Broadcom.
Broadcom was mentioned in the context of a previous patent case, but the current news about Apple's lost appeal does not directly impact Broadcom. Therefore, no immediate impact on Broadcom's stock is expected.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20
NEGATIVE IMPACT
Apple lost an appeal over two telecommunications patents, marking another victory for Optis. This could potentially lead to financial implications for Apple, and its shares traded lower by 0.20% premarket.
The loss of the appeal could potentially lead to financial implications for Apple, including possible fines or settlements. This negative news could impact investor sentiment, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100