Price wars, Political wars and now wars on patents. Today, with the world’s financial engine gaining momentum once again after the housing bubble, the coming years seem to be tough time for analysts.
Infringement of patents was seen as an integral part of emerging nations until recently when two top notch organizations from the developed nations jumped in the battle field arguing hard on the patent infringements.
In October, the lord of the ‘I’s (Apple) was accused by the King of ‘N’s (Nokia) for 10 patent infringements related to wireless data, speech technology, security and encryption technologies. Nokia, one of the largest player in the handsets market, has spend more than 40 billion Euros in the last two decades on R&D to develop such technologies. Nokia has agreement with more than 40 handset manufacturers world over for the usage of its technologies, however, Apple is an exception.
In early December, Apple counter attacked rival Nokia with 13 patent infringements!
And now Nokia has filed a case in International Trade Commission (ITC) against Apple.
Nokia experienced first quarter loss after a decade whereas Apple touched profits of $1.6 billion, thanks to the growth in sales of iPods and iPhones. Nokia is finding it difficult to digest this and doing all sort of analysis to find the root cause. In the race to satisfy the shareholders both these companies are compromising with their brand values which is built over decades. Who will win this patent war? Apple, Nokia or other competitors
Rogues
