Apple’s Patent Battle Continues
The European Commission has requested both Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co to furnish information regarding patents used for mobile phones.
The Commission’s request concerns “the enforcement of standards-essential patents in the mobile telephony sector,” the commission, which has antitrust powers within the European Union, said in a statement. Such requests for information are standard procedure in antitrust investigations to allow the Commission to establish the relevant facts in a case.
This is another step in Samsung’s attempt to block Apple’s business by using the legal system.
Here’s how Apple’s stock closed the week:
- Apple Inc. (NASDAQ:AAPL): The shares recently traded at $400.24, down $2.83, or 0.7%. Its market capitalization is $371.93 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 10,793,856 shares versus a 3-month average volume of 22,121,000 shares. The company’s trailing P/E is 14.46, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>