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Apple licenses $10 million in patents, including Palm patents Steve Jobs called worthless

Published Apr 10th, 2013 9:20AM EDT
Apple Patent Licensing Deal Palm

Apple (AAPL) has struck a new deal to license patents from Access, according to a document published on the patent holding firm’s website. The IP covered in the small deal includes patents originally filed by Palm, Bell Communications Research and Geoworks. As 9to5Mac points out, former Apple CEO Steve Jobs once told then-Palm CEO Ed Colligan that the company’s patents were “not that great,” and that Apple had passed on an earlier opportunity to acquire them to protect the iPhone because they were basically worthless. To be fair though, the Apple-Access licensing deal is valued at 1 billion yen, or about $10 million USD, which is indeed practically nothing to a company with more than $140 billion in cash on hand.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.