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Thursday, March 31, 2011

Nokia Sues Apple

Nokia ( announced on Tuesday that it is suing Apple (NASDAQ:AAPL) for infringing upon its patents for mobile phones, portable music players, computers, and tablets.
This has not been the first time the two rivals have battled over patent disputes, and litigation is becoming increasingly common among manufacturers of smartphones.
The current lawsuit alleges that Apple stole "pioneering innovations...to create key features in its products, including in multitasking operating systems, data synchronization, positioning, call quality, and the use of Bluetooth accessories."
Apple shares are lower by about half a percent in early afternoon trading; Nokia shares are about even.


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