Apple Stock News: Nokia and Apple Face Off

Apple Stock News

For the latest Apple Stock News, AAPL closed at $116.29 on Wednesday, December 21, 2016 with a 0.20% gain, or $0.23 from its previous close of $116.52 per share.


President-Elect Trump and CEO of Apple, Tim Cook, had a meeting about a week ago, accompanied by other tech executives. They met to talk about issues such as renewable energy, tax reform and reform on intellectual property. At the meeting Tim Cook stated that Apple runs its business on 100% renewable energy and their operations in other countries totals 93% use of renewable energy.

Apple is also in the midst of a patent war with Nokia. Nokia recently sold patents to Conversant Inc. and Acacia which began the war. The accusations are as follows: “Conspiring with Nokia in a scheme to diffuse and abuse [standard essential patents] and, as the PAEs and Nokia fully intended, monetize those false promises by extracting exorbitant non-FRAND royalties in way Nokia could not.” Retrieved from InvestorsPlace.

Nokia then filed its own patent lawsuit against Apple in German and US courts. Nokia’s claims are as follows:

“Through our sustained investment in research and development, Nokia has created or contributed to many of the fundamental technologies used in today’s mobile devices, including Apple products. After several years of negotiations trying to reach agreement to cover Apple’s use of these patents, we are now taking action to defend our rights.” Retrieved from InvestorsPlace

The company claims that Apple has violated 32 tech patents in display, user interface, software, antennas, chipsets and video coding. The outcome of the battle will ultimately effect AAPL, whether they win or lose.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art algorithm click here.

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