Finland-based Nokia Corp (ADR) (NYSE:NOK) has recently sued Cupertino based tech giant Apple Inc. (NASDAQ:AAPL), as the former accused the latter of patent infringements. As per the development, the communications multinational has filed an application, and that accuse the $603 billion company of using patented inventions of Nokia in its products. The rivalry between the two companies dates back to 2009, when Nokia entered into the smartphone war with Apple, as both of them tried to outweigh the other.
The one-time industry leader has filed multiple lawsuits that accuse the iPhone maker of violating 32 technology patents that were registered in Nokia’s name. The lawsuits are filed in the Us district court, and some courts registered in Germany, Munich, and Mannheim. The 151-year-old company said, "Since agreeing on a license covering some patents from the Nokia Technologies portfolio in 2011, Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are used by many of Apple's products."
Meanwhile, Apple Inc. has also filed a lawsuit in reply as it accused Acacia Research Corp. of forwarding undue gains from Apple’s revenues to the Espoo-based company. Apple personnel Josh Rosenstock added that Nokia is using cheap tactics to get some funds from the company, as the inventions are the Cupertino giants property according to him.
The ongoing tussle between the two companies adds to the list of legal battles that Apple is already undergoing. These include the decision put forward by the EU recently. It related to the unjust consideration provided by the Irish government to the world’s most valuable brand of 2015. Whatever the case may be, if the company is successfully able to defend itself, it will be a major hit for Nokia, which has already lost its dominance in the mobile industry.
Shares of Nokia were down by 2.86% to $4.8 yesterday, while Apple shares closed at $117.06.