Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Down 2.6% On Wednesday: Is It Due To Loss In The Patent Infringement Trial?

Apple Inc. (NASDAQ:AAPL) stock has already gained around 15% since the beginning of 2015. All this growth was attributed to a very successful iPhone 6 launch and a record breaking quarterly reports in January with some mindboggling numbers, like 10 iPhones sold for every second in the fourth quarter of 2014. But something happened on Wednesday that has not happened to Apple Inc. (NASDAQ:AAPL) stock in a very long time. The stock plunged and dropped around 2.6% in a single day. FBN’s Nicole Petallides reported about this on Fox Business.

Apple, is AAPL a good stock to buy, battery engineers, poaching, legal, Jeremy Rosenberg,

What happened in this week that interrupted the growth of Apple Inc. (NASDAQ:AAPL) stock and stopped it from rallying ahead. Apple Inc. (NASDAQ:AAPL) has handled many patent infringement trials and won many in the past. But a Texas based startup Smartflash LLC had won a patent infringement case against Apple Inc. (NASDAQ:AAPL) in Texas. Earlier this week, Federal Jury has ordered Apple Inc. (NASDAQ:AAPL) to pay around $540 million to Smartflash LLC for infringing on their patent.

This judgment came as a surprise to many investors, which might be the biggest cause behind the 2.6% drop on Wednesday. Petallides said that Apple Inc. (NASDAQ:AAPL) shares were down mainly because they had lost a patent infringement trial and had to pay $533 million to a startup. She added that the technology used in iTunes was supposedly infringing a patent by the startup.

Petallides added that Apple Inc. (NASDAQ:AAPL) has been growing heavily is hitting new highs every week. She added that Apple Inc. (NASDAQ:AAPL) stock went up by more than 75% in the last year. She pointed out that the 2.6% drop on Wednesday is the highest drop in more than a month.

“[…] They (Apple) have to pay out for patent infringement. This has to do with the iTunes patent. $533 million. This stock has run up and you know that it has run up to record new highs. Up 75% in the last year. But today back to back losses, down 2.6%, steepest decline in a month,” Petallides said.

Disclosure: None

Watch the latest video at

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.