Apple Inc. (NASDAQ: AAPL) is suing cell phone maker Nokia Corp. (NYSE: NOK) for patent infringement, a countermove to Nokia's earlier suit against technologies used in Apple's iPhone, according to Associated Press.
Apple's lawsuit claims Nokia is infringing on 13 of Apple's patents, and says the Finland-based company chose to "copy the iPhone," especially its user interface, to make up for its declining share of the high-end phone market.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
Nokia's lawsuit, filed in October, claims that Cupertino, Calif.-based Apple infringes on 10 of its patents covering both phone calls and Wi-Fi access.
The patents Apple alleges Nokia is infringing deal with, among other things: connecting a phone to a computer, teleconferencing, menus on a touch screen, power conservation in chips, and "pattern and color abstraction in a graphical user interface."
Nokia representatives could not immediately be reached for comment Friday morning.
Apple said Nokia fell behind in the smart phone market because it chose to focus on old-fashioned cell phones with conventional user interfaces at a time when "smart" phones were growing increasingly popular.
Countersuits are a staple of patent litigation, which often ends in cross-licensing agreements. Nokia said in October that 40 phone manufacturers -- but not Apple -- have licensed the patents in its lawsuit.
Both suits were filed in federal court in Delaware.
U.S.-traded shares of Nokia rose 22 cents, or 2.2 percent, to $12.78 in midday trading, and Apple's shares slid $2.24 cents to $194.19.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
