Oct
23
2009
Nokia could sock Apple with $1 billion in damages
Posted by: in Payday Loan, tags: 1 Billion, Aapl, Apple 1, Best Case Scenario, Damages, Estimates, Excerpt, Iphone, Iphones, Nok, Nokia, Nsdq, Nyse, Patent Infringement, Patents, Piper Jaffray, RandomRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Nokia ( NYSE: NOK ) is suing Apple for infringing on up to 10 of Nokia’s patents with the iPhone. And, it seems Apple ( NSDQ: AAPL ) could get hit with as much as $1 billion in damages related to their alleged patent infringement. Sounds crazy, but it might just happen. Piper Jaffray analyst Gene Munster estimates that Nokia will seek damages of around $200-$400 million – assessed at $6-$12 for each of the 34 million iPhones sold to date. But, that might be Apple’s best case scenario if a ju
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