Apple to pay US$533mil for patent infringement


NEW YORK: Apple Inc has been ordered to pay US$532.9mil after a federal jury found its iTunes software infringed three patents owned by Texas-based patent licensing company Smartflash LLC.

Though Smartflash had been asking for US$852mil in damages, the verdict, which came late Tuesday night, was still a costly blow for the US tech giant, the most valuable company in the world.

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