Monday, July 15, 2024

A medical device company spends more than $100 million to fight Apple… details


Written by Muhammad Ayman

Tuesday, January 2, 2024 at 02:00 AM

The Apple Watch is back in the market after a controversy Apple A patent filing with medical device company Massimo is yet to be finalized.

In a new interview with The Wall Street Journal, Massimo CEO Joe Gianni explained in depth why he decided to fight Apple to the end: “Nobody's standing up to them. If you can do that, it makes Apple better. .” , according to 9to5mac.

In the interview, Gianni said that so far he has spent about $100 million against Apple, a battle that started in January 2020, and as the Wall Street Journal notes, Massimo's total profit for 2022 is about $144 million.

Before taking over Apple, Massimo's employees and Gianni's friends warned him of the dangers of going forward. “People told me I was crazy and couldn't go against Apple,” Gianni said. “They have unlimited resources.”

Although Massimo's battles with Apple would end after several years, the company has successfully won similar cases in the past.

In 2006, Kayani won a controversial… Copyrighted He spent seven years with Nelcor, which at the time was the dominant supplier of a competing pulse oximeter device, and in 2016, he won another patent infringement case against Royal Philips.

As part of the Nellcor settlement in 2006, Massimo received approximately $800 million in damages and royalties, and in the 2016 Royal Philips settlement, the company paid Massimo $300 million and agreed to a licensing agreement that earned Massimo more than $1 billion. “

Gianni says Apple has not yet engaged in “serious settlement discussions” with Massimo. In previous interviews, Gianni said he was willing to settle with Apple, but that “it takes two to tango.”

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“I feel like I have to do this,” concludes Gianni, “and if I can change the most powerful company in the world that continues to behave badly, that will have a bigger impact on the world than anything else I do.”

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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