Key Developments: Apple Inc (AAPL.O)

AAPL.O on Nasdaq

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1 Jun 2015
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Latest Key Developments (Source: Significant Developments)

TomTom extends Apple agreement
Tuesday, 19 May 2015 01:30am EDT 

TomTom NV:Tomtom extends Apple Inc agreement.No further details of agreement will be provided.  Full Article

Apple gets partial win on appeal in Samsung patent case - Reuters
Monday, 18 May 2015 10:57pm EDT 

Apple Inc:Says it was handed a mixed ruling by a U.S. appeals court in a intellectual property battle with Samsung Electronics Co Ltd, as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out - Reuters.That means up to 40 pct of a $930 million verdict which had been won by Apple must be reconsidered.In the ruling, the Federal Circuit in Washington, D.C. upheld patent infringement violations including one which protects the shape and color of its iPhone as well as the damages awarded for those violations.The appeals court further muddied the waters for Apple by ordering the court in San Jose to reconsider the $382 million portion awarded for trade dress dilution.  Full Article

Apple Inc, A123 close to settling battery hiring lawsuit - Reuters
Wednesday, 13 May 2015 05:42pm EDT 

Apple Inc:Says the company and A123 Systems are close to settling a legal dispute over claims that the company poached A123 employees to build a large-scale battery unit - Reuters.A123 sued Apple in Feb in Massachusetts federal court, claiming that around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's most critical projects.A123 Systems disclosed in court papers that the parties have reached an agreement to settle the case and are working out the final details.  Full Article

Apple Inc gives Q3 2015 revenue guidance in line with analysts' estimates
Monday, 27 Apr 2015 04:30pm EDT 

Apple Inc:Expects Q3 2015 revenue between $46 billion and $48 billion.Q3 2015 revenue of $47 billion - Thomson Reuters I/B/E/S.  Full Article

Apple expands capital return program to $200 billion; increased share repurchase authorization and quarterly dividend
Monday, 27 Apr 2015 04:30pm EDT 

Apple:AuthorizeS an increase of more than 50 percent to the Company's program to return capital to shareholders.Under the expanded program, Apple plans to utilize a cumulative total of $200 billion of cash by the end of March 2017.As part of the revised program, the Board has increased its share repurchase authorization to $140 billion from the $90 billion level announced last year.In addition, the Company expects to continue to net-share-settle vesting restricted stock units.Approved an increase of 11 percent to the Company's quarterly dividend, and has declared a dividend of $.52 per share.payable on May 14 to shareholders of record as of the close of business on May 11.  Full Article

Artist Britto sues Apple Inc, design firm contending misuse of his art and style in marketing - AP
Sunday, 12 Apr 2015 08:00pm EDT 

Apple Inc:Artist Romero Britto is suing Apple Inc. and a design firm in federal court, accusing them of misusing his colour-splashed images and distinctive style in marketing campaigns - The Associated Press.The lawsuit seeks unspecified damages from Apple and the design duo Craig Redman of New York and Karl Maier of London, whose company is called Craig & Karl.Britto’s lawsuit, filed last week in Miami federal court on behalf of his Miami Beach-based company Britto Central Inc., makes a number of claims, including copyright infringement and unfair competition.It also asks a U.S. District Judge to halt the alleged misuse of Britto’s images.  Full Article

Apple seeks to dismiss lawsuit filed by electric battery maker - Reuters
Tuesday, 10 Mar 2015 06:59pm EDT 

Apple Inc:Has asked a U.S. court to dismiss a civil lawsuit filed by battery maker A123 systems over engineers hired by Apple, saying A123's claims were too speculative to proceed, according to a court filing - Reuters.Around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's critical projects, A123's lawsuit said.Last week Apple asked for an extension to respond to the lawsuit because the two companies were exploring a settlement.The latest filing did not provide any update on those talks.A123 sued Apple and five former A123 employees in February, alleging breach of contract and several other claims.In its motion to dismiss, Apple said A123 did not present enough concrete evidence to move forward in court.In its filing, Apple said nothing in A123's complaint suggests that the engineers are working on a product that would compete with A123.  Full Article

Apple Inc set to Join Dow Jones Industrial Average
Friday, 6 Mar 2015 09:27am EST 

Apple Inc:Says it will replace AT&T Inc. in the Dow Jones Industrial Average (DJIA) after the close of trading on March 18.Change will be effective with the opening of trading on Thursday, March 19.Index change was prompted by Visa Inc.'s 4:1 stock split which is scheduled to be effective at the same time.Post-split adjusted lower price of Visa will reduce the weighting of the Information Technology sector in the index.Adding Apple to the index will help to partially offset this reduction. In price weighted indices such as the DJIA, a large change in price of a high priced stock can have a material impact on sector representation in the index and this index change is designed to minimize that impact.Telecommunication Services sector will continue to be represented in the DJIA by Verizon Communications Inc.  Full Article

Apple Inc is sued by Ericsson for telecom patent infringement
Friday, 27 Feb 2015 02:39am EST 

Apple Inc:Is sued by Ericsson in regard with filing of the latter of a complaint to U.S. international trade commission. Ericsson is requesting an exclusion order against Apple's products for infringing Ericsson patents that are essential to 2G and 4G/LTE standard.  Full Article

Smartflash wins $532.9 million patent infringement verdict against Apple Inc
Wednesday, 25 Feb 2015 02:22pm EST 

Apple Inc:A jury in the U.S. District Court for the Eastern District of Texas has awarded Tyler, Texas-based Smartflash LLC a $532.9 mln verdict after finding that technology giant Apple Inc. infringed a series of Smartflash patents in order to produce and sell Apple's popular iTunes software.Trial focused on three Smartflash patents covering devices and methods for storing data and providing access to that data through electronic payment systems.Smartflash claimed that Apple used the three patents - U.S. Patent No. 7,334,720; No. 8,118,221; and No. 8,336,772 - without permission in iTunes software.Jury found that Apple's infringement was willful.In addition to awarding a sizable verdict, jurors also found all three contested Smartflash patents to be valid.  Full Article

Smartphone rivals Apple, Samsung fight common enemy with appeal

- Fighting side by side for a change, Apple and Samsung on Monday said they will appeal a ruling by a Texas federal judge who refused to halt patent holder Smartflash LLC from pursuing its cases against them while its patents are scrutinized by the U.S. Patent and Trademark Office.

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