Apple Recap: Lawsuit Freeze, New Partnership, Security Risks
The tumbles of Apple’s (NASDAQ:AAPL) stock price don’t appear to be ending. It closed Friday 1.36 percent down at $460.25 for a total fall of more than 3 percent for the week. Here are some of the top stories from the day for the company:
A Lawsuit Freeze?
A federal judge urged Apple and Samsung (SSNLF.PK) to agree to forget about their patent lawsuit scheduled for trial next year until the two companies’ appeal on a separate verdict can be dealt with. U.S. District Judge Lucy Koh asked the two smartphone rivals if it was really necessary to start another major trial — scheduled for March 2014 — while the discussion on the famous jury verdict from their August case continues.
“I was going to ask if we can stay this case while the other appeal is going on,” Koh said during a hearing in San Jose, California. “I don’t know if we need two cases on this.”
Koh added that any possible resolution of the conflict would be “global” and cover patents being contested in either lawsuit.
A few aspects of the appeal from the August result remain active. Apple won a $1.05 billion verdict last year after a jury decided Samsung had violated six of its patents. However, the iPhone maker’s request for a permanent sales ban against several of the Korean company’s products was not granted. Apple has appealed that decision. Separately, both companies are appealing rulings requiring them to reveal financial information they want to keep secret…(Read more)
Widening the Reach
Apple is set to expand its retail distribution after reportedly being close to a deal with office supplies chain Staples (NASDAQ:SPLS). Several Staples executives sent out tweets on Friday saying the chain’s U.S. stores would start selling Apple products in the near future. Regis Mulot, the vice president of international human resources at Staples, announced on his Twitter account that after Canada, Apple products were on their way to the company’s U.S. stores. Although Mulot later deleted his tweet, Erin LaFlamme, a strategic accounts coordinator at the company also mentioned the development. Mike Goggin, a field services manager at Staples, added that the deal had been closed out… (Read more)
It may not be as big as the maps debacle, but another software problem is threatening Apple’s reliability reputation. And the biggest hit for the company may come from the enterprise sector, where Apple has been trying hard to make inroads over the past few quarters. According to reports, an error in Apple’s latest iPhone operating system update is causing traffic overload issues for businesses. Microsoft (NASDAQ:MSFT) has advised customers to block iOS 6.1 from their corporate networks because the software update is causing Microsoft’s Exchange email software to overload with traffic. The iPhone maker also confirmed another flaw in iOS 6.1 that lets users bypass the password lock screen… (Read more)
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