Judge Puts Nokia-Apple Patent Fight On Hold

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Credit: Flickr/Schill

The International Trade Commission will have first dibs on deciding whether Nokia (NYSE: NOK) or Apple (NSDQ: AAPL) are infringing on each others’ patents, a federal judge has decided.

Yesterday, a Judge in Delaware agreed to put the patent claims between Apple and Nokia on hold, pending a resolution before the ITC, reports AP. But just because the lawsuit has been put on hold, doesn’t mean that the fight is over. Nokia has asked the ITC to consider banning imports of Apple products, including the MacBook and iPhone. The ITC hears cases involving imports that allegedly infringe on intellectual property rights, and then facilitates a resolution.

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Nokia has been losing marketshare,brand appeal and pricing power in the mobile phone market since it reached its peak with Motorola self destructing.After that it has been a downhill story for the company as you can read in my earlier posts. Now it seems that the Company has already realized that it is a low probability event to win back its mobile phone marketshare . Instead its trying to extract patent revenue from the winners. Apple is The Company to beat in the Smartphone market with the iconic iPhone.Nokia is trying to instead extract money by suing its rivals since it can’t make too much money by building products through it patents.These patent battles are extremely complex with both companies having a huge number of patents to fight with.Usually leads to a settlement after years of litigation.Mostly lawyers get rich.Read more at http://www.greenworldinvestor.com

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