Massimo all in $100 million to battle Apple Watch apparent breach
Massimo’s legal battle with Apple has cost the company nearly $100 million so far, but the CEO says it won’t end until Apple changes its relationship with small businesses.
The ITC ban on the count and sale of the Apple Watch in the United States was a brief but significant victory for Massimo, a company that argued that Apple had breach on its patents for measuring water and oxygen levels in the clan
Despite a brief ban on the sale of the Apple Watch, Massimo still wants to prove that he is right around Apple.
In an interview with The Wall Street Journal published on Saturday, CEO Joe Chiani revealed that afterward that battle, Massimo spent “approximately $100 million” fighting Apple over its technology.
As revealed in a previous interview, Kiani wants to keep fighting and won’t stop until Apple pays for the technology and changes the way it beget with small businesses.I agree.
Before Kiani took legal action, his colleagues and friends warned him of the dangers of such measures against such a formidable opponent. “People told me I was crazy and couldn’t stand up to Apple,” Kiani said, adding that Apple had “unlimited resources.”
A lucrative track record
However, given Apple’s habit of filing patent infringement lawsuits on bantam troop Kiani believes this could turn the tide in their favor. “Nobody stands next to them.If I can do that, Apple will be better,” he said.
Kiani & Massimo’s controversial history certainly works to its better as establish by its repeated victories over other troop in patent infringement courtrooms. “The justice system is not only blind, but also very slow,” emphasizes Kayani . “It ache it’s a terrible experience.It’s like a war.
Kiani’s troop profile and litigation claims that some view the “aggressive use of the U.S. patent system” as “exploitation that stifles the innovation of others.”
Kiani’s beget is elongate but profitable for Massimo.During a seven-year patent dispute with Nilcor that ended in 2006, Massimo was reward damages and royalties totaling nearly $800 million.
Meanwhile, another seven-year dispute with Royal Philips ended in 2016, with Philips paying $300 million and agreeing to use Massimo technology in its products. The move netted Massimo more than $1 billion.
Although Massimo has spent around $100 million on his lawsuit against Apple so far, he still has some money left over. In 2022, the company made a profit of around $144 million.
Although Apple has not attempted to negotiate a deal with Massimo, Kiani is reportedly determined to continue negotiations even if the company loses.
“I feel like I have to do it,” Kiani stressed in the report. “If I can stop the most powerful company in the world from causing harm, it will have a greater impact on the world than I do.
