Apple Slips 1.1% as Face ID Patent Fight Targets $218 Billion Engine

Regulation

โดย GuruFocus·

Summary · why it matters

Apple shares fell about 1.1% to $324.66 on Friday after a new patent lawsuit brought Face ID technology into the courtroom. BASF subsidiary trinamiX alleges Apple violated seven patents related to technology that distinguishes real skin from spoofing materials, according to Reuters. The Texas lawsuit covers multiple generations of iPhones, iPad Pro models, and other Apple devices, with trinamiX seeking unspecified damages and an injunction. The case is still an allegation, and Apple had not publicly responded when Reuters reported the news. The financial stakes are significant because iPhones and iPads, which together generated $218.22 billion in revenue during the nine months ended June 27, represent a major portion of Apple's total revenue. Apple's stock currently trades 14.1% above its GF Value of $284.55, indicating investors are still paying a premium despite the legal uncertainty.