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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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Random Feed wrote an interesting post today on
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Nokia makes the world’s most widely-used handsets — by a wide margin — and they went on the offensive to defend their technology announcing a lawsuit against Apple, Inc. The claim, filed in Delaware district court, alleges 10-counts of patent infringement for technologies used in all iPhones produced since 2007. Nokia’s press release states, “Apple’s iPhone infringes Nokia patents for GSM, UMTS and wireless LAN (WLAN) standards.” No other specifics about the suit have been released. After Apple’

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Random Feed wrote an interesting post today on
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By Tarmo Virki, European technology correspondent HELSINKI, Oct 23 - Apple faces the possibility of having to pay Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said. The w …

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Random Feed wrote an interesting post today on
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Apple (AAPL) faces the possibility of having to pay Nokia (NOK) up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia.Nokia claims that there are 40 other tech companies that are paying for the legally-licensed use of these 10 patents and it wants Apple to do the same.The iPhone, which was introduced by Apple in 2007, uses two industry standards for wireless communications, G.S.M. and U.M.T.S., that Nokia developed as part of a consortium of glo

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Random Feed wrote an interesting post today on
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Reuters - Apple faces the possibility of having to pay the world’s top cellphone maker Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said.

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