Apple reportedly burned $100 million on patent spat with HTC

Apple is said to have spent as much as $100 million on its first round of legal battles with HTC, and the company has precious little to show for it. Newsweek’s well-sourced Dan Lyons cited “a rumor going around among the lawyers” in reporting the staggering figure on his personal blog, and he noted that Apple’s onslaught of lawsuits around the world have yielded precious little for the Cupertino, California based technology giant. Meaningful wins have been few and far between for Apple in its ongoing legal battles against Android vendors. The company did score a victory last month when the International Trade Commission banned the import of several HTC smartphones it deemed to be infringing on one Apple patent, but HTC responded the same day and said a simple workaround was already set to be rolled out. Apple’s aggressive strategy with regard to technology patents could fueled by lost sales or perhaps even by its former CEO’s vow to destroy Android, but it doesn’t seem to be paying off for the time being. Whether or not that will prompt Apple to pump the brakes, however, remains to be seen.

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