Nokia has lost significant mobile domination due to new smartphone players, namely Apple. Well, Nokia isn’t sitting idly by; it is
suing Apple for the infringement of 10 patents
“fundamental for devices using GSM, UMTS and/or local area network standards” according to Nokia. The patents all pertain to wireless data, speech coding, security, and encryption inherent in all iPhone models.
Without a doubt, this will be a long drawn out battle. Both companies have enormous legal teams and huge amounts of cash. It is also extremely unlikely to affect either bottom-line. According to Avian Securities analyst Matthew Thornton, “we have a hard time seeing a material risk to either company.”
The frivolous lawsuits are getting a touch out of hand. At the same time, if you stand on the shoulders of technological giants, the least you can do is offer them a cold lemonade. What other choice do these companies have?
Image Credit: Wired