Two retrials were conducted, which led to a $302.4 million penalty for Apple which was increased to $439.7 million last year, a decision Apple appealed against. The recent win for VirnetX might not last long either as its patents were declared invalid back in 2016. A final decision is pending on this issue.
During the course of the trials, VirnetX has targeted other Apple products over patent infringements. Once again it appears the ride will go on around verdicts and appeals. VirnetX’s stock climbed more than 40% in after-hours trading on Tuesday. VirnetX’s management and investors seem hopeful of winning against Apple in the long run.
Apple’s stock, however, moved little as the penalty amount appears insignificant compared to the tech giant’s quarterly profits.