Apple Inc, maker of the iPhone, accused Nokia Oyj in court documents of trying to monopolize the market in wireless technology.
Nokia purposefully withheld information on its patent holdings while helping to establish an industry standard and then demanded “unreasonable” royalties, Apple said in a federal court filing yesterday in Wilmington, Delaware. The claim is part of a counterattack to patent-infringement claims made by Nokia.
“Nokia deliberately and deceptively failed to disclose in a timely manner” its intellectual property rights, Apple said in the filing. “This course of misconduct enabled Nokia to obtain monopoly powers” in each of five areas “to obtain excessive royalties.”
The legal battle between the two began in October, when Nokia, the world’s biggest maker of mobile phones, filed a lawsuit accusing Apple of infringing 10 patents and demanding back royalties on the more than 42 million iPhones sold since the device’s introduction in 2007. Each company has since accused the other of infringing an increasing number of patents.
Some of the allegations in yesterday’s filing, including counterclaims of patent infringement, were disclosed in December in Apple’s initial response to Nokia’s suit.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
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