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SAMSUNG ELECTRONICS CO., LTD.

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Ericsson sues Apple again over 5G patent licensing

01/18/2022 | 12:22pm EDT
FILE PHOTO: Apple logo at an Apple store in Saint-Herblain near Nantes

STOCKHOLM (Reuters) - Sweden's Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.

Both companies have already sued each other in the United States as negotiations failed over the renewal of a seven-year licensing contract for telecoms patents first struck in 2015.

Ericsson sued first in October, claiming that Apple was trying to improperly cut down the royalty rates. The iPhone maker then filed a lawsuit in December accusing the Swedish company of using "strong-arm tactics" to renew patents.

"Ericsson has refused to negotiate fair terms for renewing our patent licensing agreement, and instead has been suing Apple around the world to extort excessive royalties ... we are asking the court to help determine a fair price," an Apple spokesman said on Tuesday.

Patent lawsuits are quite common among technology companies because every dollar saved could amount to significant amounts over the duration of the agreement, with companies such as Ericsson charging $2.50 to $5 for every 5G handset.

"Since the prior agreement has expired, and we have been unable to reach agreement on the terms and scope of a new licence, Apple is now using our technology without a licence," an Ericsson spokesman said.

The Swedish company invests about $5 billion a year in research, has a portfolio of more than 57,000 patents and royalties from its patent portfolio account for roughly a third of its operating profit.

Last year Ericsson settled patent lawsuits with Samsung after several months of court battles that temporarily hit its quarterly earnings. Pending dues are usually cleared after a settlement is reached.

(Reporting by Supantha Mukherjee in Stockholm; Editing by Louise Heavens and David Goodman)

By Supantha Mukherjee


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -2.46% 137.35 Delayed Quote.-20.70%
ERICSSON -1.58% 77.63 Delayed Quote.-20.95%
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.80%
SAMSUNG ELECTRONICS CO., LTD. -0.88% 67500 End-of-day quote.-13.79%
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Financials
Sales 2022 322 380 B 254 B 254 B
Net income 2022 46 972 B 37,1 B 37,1 B
Net cash 2022 120 225 B 94,9 B 94,9 B
P/E ratio 2022 9,31x
Yield 2022 2,14%
Capitalization 452 416 B 357 B 357 B
EV / Sales 2022 1,03x
EV / Sales 2023 0,89x
Nbr of Employees -
Free-Float 83,0%
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Number of Analysts 39
Last Close Price 67 500,00 KRW
Average target price 96 157,89 KRW
Spread / Average Target 42,5%
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Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Sang-Gyun Kim Head-Compliance Management
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