The latest court decision in the Gabriel software suite case requiredAppleto pay several hundred million dollars to a company that many journalists describe aspatent troll. Which means that its revenue model is primarily based on seeking funds obtained by suing potential competitors under the pretext of intellectual property infringement.
VirnetX, led by Kendall Larsen, is so prolific that it can even boast of being publicly traded. Its assets have also been growing rapidly since the announcement of the verdict, beyond thenegative effects of the coronavirus that Apple may sufferand others.
A staggering amount
In reality, thefines, Apple is starting to get used to it. WhileFrance inflicted one on him recently, so she paid the exact sum of $454,033,859.87 to VirnetX. A figure that pales in comparison to the impressive turnover of iPhone sales at the end of 2019.
The lawsuit, which originally concerns features ofFaceTimesimilar to those of the competing program, had started several years ago and experienced multiple twists and turns. Indeed, all appeals have been exhausted by the accused, who, although solvent, finds himself with a big hole to fill in his cash flow.
We do not know what this money will be used for internally, however there is a good chance that the plaintiff's operations will further expand in the coming months. He has already sued other big names in Tech like Cisco and Microsoft, and therefore does not seem ready to stop,no offense to some. Finally, know that FaceTime remains available on iOS, macOS and iPadOS, for all users.
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By : Keleops AG
