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At Apple Inc. (AAPL) If It Can go Wrong, It has Gone Wrong

Apple Inc. might have just found out that Murphy’s Law can be a pain.  If it can go wrong, it will go wrong at Apple in recent days. Apple has been facing strong resistance since the markets opened for trading. To start with, its share price has fallen from the triple-digit trading club to less than $100 per share. In fact, the stock has lost 8.46% in its share price in the year-to-date period.

Apple Inc. NASDAQ:AAPL

Apple falls flat in a lawsuit

The latest stroke of ill luck that befell Apple is the outcome of a patent lawsuit in which a jury found the firm guilty of patent infringements. Apple Insider reports that a Federal jury sitting in an East Texas Federal District Court reached a unanimous decision on Wednesday that the tech giant has infringed on the intellectual property rights of VirnetX in a just-concluded patent dispute lawsuit and that the iPhone maker should pay $625.6M in damages to VirnetX.

VirnetX alleged that Apple’s FaceTime, iMessage and VPN services and the devices on which they are being used infringed on VirnetX’s IP rights. It was reported that VirnetX took Apple to court in 2012 on the same IP dispute and that VirnetX won $368.2M in damages. Apple appealed the ruling and the ruling was vacated in September 2015. More so, the appeal court ordered a fresh damages retrial and the outcome of the retrial was against Apple.

It was said that VirnetX asked for $532M in damages but the damages was increased to $625.6M because Apple was still infringing on the said patents even the case was in court. Jason Cassady of Dallas law firm Caldwell Cassady & Curry attorney for VirnetX says, “We are thankful for the jurors’ hard work and attention in this case, and for reaching a just verdict… “The jury saw what we have been saying all along: Apple has been infringing VirnetX’s patented technology for years.”

Apple has much bigger problems with apps

Apple is facing fines from the IP lawsuit, but the firm seems to be having much bigger problems on the horizon. Veteran tech journalist, Walt Mossberg says he has “noticed a gradual degradation in the quality and reliability of Apple’s core apps, on both the mobile iOS operating system and its Mac OS X platform. It’s almost as if the tech giant has taken its eye off the ball when it comes to these core software products, while it pursues big new dreams, like smartwatches and cars.”

The genesis of Apple’s success in the tech space can be traced to the firm’s decision to unify the software and hardware experience on its devices in order to create powerful but intuitive devices. Now, it appears as if Apple is lacking the drive to keep making “insanely great” products because its apps are starting to feel a shadow of their former selves.

Mossberg says he has reached out to Apple to find out why apps such as Apple News are doomed to fail right from the start and why the iTunes (for desktop) can’t seem to become less bloated and more powerful. The firm replied saying, “we have dedicated software teams across multiple platforms. The effort is as strong there as it has ever been.”

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Adam Green is an experienced writer and fintech enthusiast. He he worked with LearnBonds.com since 2019 and covers a range of areas including: personal finance, savings, bonds and taxes.

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