Apple Loses Patent Lawsuit, Ordered To Pay $502M To VirnetX

“Apple has been directed to pay $502.6 million in damages to VirnetX in a case that has been in the running for eight years now. The iPhone maker has been found to have infringed on four of VirnetX patents covering secure communications.

VirnetX CEO Kendall Larsen called the amount “fair,” according to Bloomberg. The infringement amount was based on the sales of over 400 million devices including the popular, premium-priced iPhone. Larsen stated that the evidences were solid, adding “Tell the truth and you don’t have to worry about anything.”…”

Source