All in all, Apple (Stock Quote: AAPL
) has had a golden year. But one thing in particular has threatened their good times, and we’re not talking about the Android phone (though that may be a headache for them next year).
Last month, Nokia (Stock Quote: NOK
) sued Apple for $1 billion, claiming the iPhone infringes on patents they hold. According to The New York Times, the iPhone “uses two industry standards for wireless communications, G.S.M. and U.M.T.S., that Nokia developed as part of a consortium of global telecommunications companies. Nokia said it had repeatedly asked Apple to license its patents related to these standards and that Apple had refused.”
According to some experts
, lawsuits are really just an invitation to negotiate in the world of electronics. But right now, it seems like the two cell phone giants are gearing up for a full-on battle
, with Apple planning to defend themselves “vigorously” in court.
Photo Credit: a whisper of unremitting demand