Apple Inc. (AAPL) New Xmas Gift: Another Patent Lawsuit!

Page 1 of 2

Apple Inc. (AAPL)Apple Inc. (NASDAQ:AAPL), one would expect, did not put “a new patent lawsuit” on its wish list for Christmas for jolly ol’ St. Nick. But was Apple on the naughty list this year, so this new gift-wrapped present may very well be a lump of coal for Cupertino. But it could be a big one that engulfs many Apple devices – including the Apple TV.

As with most legal matters, the case likely won’t see the inside of a courtroom for months, but is this another damper to the stock’s strength – which has already taken several punches to the gut in the last four months?

Apple Inc. (NASDAQ:AAPL) is the target of yet another patent-infringement lawsuit, this one filed in Texas by EON Corporation IP Holdings, claiming the patents revolve around Apple’s iTunes and App Store services, and all Apple iDevices that connect to those services 0- which includes all generations of the iPad and iPad Mini, Apple TV, iPod Touch, and all iPhones dating back to the 3G. In the filing, EON is pushing the claim that all of these devices and services infringe on a key patent which, in layman’s terms, covers a system for viewing video. The firm said it had put Apple on notice indirectly of the infringement through letters from AT&T Inc. (NYSE:T) a year ago and from Puerto Rico Telephone Company, Inc., this past summer.

And of course, as other competitors have similar services and devices which access them, EON claimed that “major competitors” of Apple Inc. (NASDAQ:AAPL) have paid licensing fees for this technology. EON is currently seeking monetary damages, though the amount is not clear.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!