Apple hit with $5.7 billion verdict over Taptic Engine patent infringement

A US jury ordered Apple to pay $5.7bn for infringing patents held by Taction Technology, a haptics firm. The case involved Apple's Taptic Engine, used in devices like the Apple Watch and iPhone. Apple plans to appeal, disputing the verdict and damages. According to Taction, the verdict vindicates its patent rights. The Taptic Engine was introduced in 2014 and has been a key part of Apple's haptic feedback mechanism.

A federal jury ruled Apple must pay $5.7 billion to Taction Technology for patent infringement related to haptic technology in iPhones and Apple Watches. The jury found no willful infringement. Apple shares rose 2% on Friday. Taction's patents cover precise vibration control in haptic actuators. The case involves iPhone 8-12 and several Apple Watch models. AAPL stock is up 25% year-to-date.

Apple unveiled the iPhone Duo, a foldable phone with a 5.4-inch outer screen and a 7.6-inch inner screen, priced at $1,999. The device aims to differentiate itself in a commoditized smartphone market, despite foldables accounting for less than 2% of the market. Apple hopes the novel design will appeal to consumers seeking exclusivity, similar to luxury handbags. IDC expects a 17% drop in global smartphone sales this year, but a 12% growth in foldable phone sales due to the iPhone Duo's launch.

A federal jury ordered Apple to pay $5.7 billion to Taction Technology for infringing two patents related to its Taptic Engine. The jury found Apple's technology infringed but not willfully. Apple plans to appeal, arguing the verdict is unsupported. Taction's case was backed by litigation funders, including Kenosha Investments LP.

South Korean suppliers, including Samsung (005930.KS) and LG (034220.KS), face profit challenges due to a strengthening won and Apple's (AAPL) entry into the foldable smartphone market with the iPhone Duo. Samsung Electro-Mechanics (006400.KS) raised MLCC prices amid AI-driven supply shortages. Samsung expanded its foldable lineup, while LG Display focuses on high-value OLEDs.

A federal jury ruled Apple (AAPL) infringed two patents held by Taction Technology, awarding $5.7 billion in damages. Apple plans to challenge the verdict, disputing infringement and damages. The case involves haptics technology in iPhones and Apple Watches. The jury did not find willful infringement. Taction's lawyer expressed satisfaction with the verdict.