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) FaceTime Getting Face Time Before a Judge?

Apple Inc. (NASDAQ:AAPL) developed a video-conference app called FaceTime for its mobile devices, and it has been very popular for many iPhone and iPad users, so much so that some wireless carriers have been restricting use of the app without customers subscribing to certain data plans. But although the service has been available for some time, apparently there is a claim that Apple Inc. (NASDAQ:AAPL) is once again not an innovator, but a patent infringer. Is this going to be something new to affect investors’ perspective about Apple Inc. (NASDAQ:AAPL) moving forward? Will investors like billionaire fund manager David Einhorn of Greenlight Capital blow this off as just another intellectual-property suit that my not have teeth?

Apple Inc. (NASDAQ:AAPL)

The latest legal move involving Apple Inc. (NASDAQ:AAPL) now comes from a firm called Intercarrier Communications, which filed suit in federal court in Virginia claiming that Apple Inc. (NASDAQ:AAPL) infringed on a patent that allows for instant messaging across varying mobile platforms and between customers of different wireless carriers. In effect, ICC is suing Apple Inc. (NASDAQ:AAPL) on the grounds that in order for FaceTime to work on iOS devices between customers of, say, AT&T Inc. (NYSE:T) and Sprint Nextel Corporation (NYSE:S), the devices necessarily use ICC’s patented technology.

There is a report that ICC has sued several other companies in the past, over similar patent issues. ICC is seeking damages for the uses of the patent in the utilization of FaceTime on various Apple Inc. (NASDAQ:AAPL) devices. There is no report yet as to if this suit will even be heard, or when an initial hearing date will be held, but it may be months.

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.