US jury orders Apple to pay $6B to Taction for patent infringement
by@Reuters
Summary
A US jury has ordered Apple to pay $5.7 billion to San Diego-based Taction for infringing on its haptic technology patents, specifically related to the Taptic Engine used in iPhones and Apple Watches. This verdict marks the largest award of its kind to date. Apple plans to appeal the decision, citing fundamental differences between its technology and Taction's, a claim the company asserts was backed by evidence presented during the trial. The lawsuit, initiated by Taction in 2021, was previously stalled but was revived last year by the US Court of Appeals for the Federal Circuit after an earlier ruling had favored Apple.
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$AAPL
Analysis
Apple: Apple is a major technology company that designs and manufactures consumer electronics such as smartphones and smartwatches. It is currently responding to a jury verdict finding its Taptic Engine infringed patents related to haptic feedback technology. Taction: Taction is a San Diego-based company that develops haptic technology used in products including headphones and gaming headsets. It recently prevailed in a patent infringement lawsuit against Apple concerning technology incorporated into iPhones and Apple Watches. Lance Yang: Lance Yang is an attorney representing Taction in its patent dispute with Apple. He stated that the jury's decision vindicated his client's patent rights following the verdict. Legal Appeal: Apple has stated it will appeal the verdict to higher courts, asserting fundamental differences between its technology and the patented inventions. Patent History: The case, originally filed in 2021, was revived last year by a federal appeals court after an earlier ruling favored Apple.
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