Apple (NASDAQ:AAPL): Closing price $517.10
Apple’s strategy of using patent lawsuits to get its rival’s products off the market could take a hit if the current argument by the Federal Trade Commission gets traction. In a Tuesday statement to United States International Trade Commission, the FTC contended that infringement of “standard essential patents” should be punished with monetary damages, but not bans, except in specific cases. Since 2010, standard essential patents have played a dominant role in the patent wars that smartphone firms have waged worldwide when Apple tried to block a challenge by Google’s Android phones. Since then, the struggle has morphed into a fight with Samsung Electronics, HTC Corp, along with others who employ Android tech.