Overview
- The UK Court of Appeal has ruled that Apple must pay $502 million to Optis Cellular Technology for the use of standard-essential 4G patents.
- The lump sum payment covers a global license for the period between 2013 and 2027, excluding interest.
- Optis, which focuses on acquiring and licensing patents, argued the initial 2023 High Court award of $56.43 million was insufficient.
- Apple expressed disappointment with the decision, stating it plans to appeal and criticizing Optis as a company that profits solely from patent lawsuits.
- Optis welcomed the ruling, describing it as a correction of a flawed earlier decision and an affirmation of the value of its intellectual property.