|Bid||6.24 x 1200|
|Ask||6.66 x 1200|
|Day's Range||6.32 - 6.88|
|52 Week Range||2.85 - 8.47|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||1.62|
|Earnings Date||Aug. 07, 2020 - Aug. 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||2.88|
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The U.S. Supreme Court on Monday refused to hear Apple Inc's bid to avoid paying about $440 million (339.4 million pounds) in damages for using patent licensing firm VirnetX Inc's internet security technology without permission in features such as FaceTime video calling. The justices rejected Apple's appeal in the long-running case in which a federal jury in 2016 found that Apple had infringed VirnetX's patents and awarded $302 million. The case dates back to 2010 when Nevada-based VirnetX filed suit in federal court in the Eastern District of Texas accusing Cupertino, California-based Apple of infringing four patents for secure networks, known as virtual private networks, and secure communications links.
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The U.S. Court of Appeals for the Federal Circuit declined to reconsider a split decision it issued on Nov. 22 in the long-running litigation. In the November ruling, a three-judge panel of the court voided a jury’s calculation that Apple should pay $503 million for infringing VirnetX patents. Apple had urged all of the judges sitting on the court to reconsider that part of the three-judge panel's decision.
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