Electronic communications company Nokia is currently lambasting tech giant Apple for violating some of its patents. The company filed its complaints in the German Regional Courts in Dusseldorf, Mannheim, and Munich. Apple said it had earlier approached Nokia regarding using its patents to which it had refused on a fair basis and the company added in a statement that Nokia is a "patent troll" trying to extort money from Apple.
According to LiveMint, the dispute is probably rooted in Nokia's disappearance as the leading phone maker in the world at one point and its business running solely on patent profits. Apple said in an email to the website that Nokia had refused to license their patents on a fair basis and Apple had to create its own inventions that did not overstep its bounds with Nokia's patents.
Apple also said Nokia is employing "flagrant, anticompetitive practice" by way of becoming a "patent troll." Nokia said that Apple did not license its video coding and established industry rates patents -- technology that allows better transmission through lower bandwidth requirements for streaming services.
According to Ars Technica, as a countersuit, Apple filed its own "antitrust lawsuit" against Nokia in a federal court in San Jose, California. Apple said that Nokia is transferring enormous numbers of patents to its "patent trolls" or patent assertion companies to achieve a "diffused patent portfolio" that maximizes the aggregate royalties that could be extracted from the product" and that this practice is a violation of US antitrust laws and a breach of contract by Nokia itself to its own commitments.
The once-gigantic communications company Nokia saw its falling out as it failed to adapt with the arrival of smartphones. On Thursday, the Finnish phone manufacturer's shares dropped by 4% on Thursday. Inderes analyst Mikael Rautanen said Nokia's dispute with Apple could mean new contracts can take years to reach and payments would be "retrospective, one-time payments."
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