Apple Recap: a New Ranking, a Trademark, and Cue’s Sale
On Thursday, Apple (NASDAQ:AAPL) shares moved very little across the stock chart, but they did gain some slightly upward momentum. The stock closed up $0.83, or 0.17 percent, at $491.73. Here’s a cheat sheet to today’s top Apple stories:
Here’s the Top Ranking Apple Could Do Without
Apple has secured the number one spot in a list that most companies would rather not be a part of, reports Apple Insider. PatentFreedom, an organization that caters to companies that are being sued by non-practicing entities, has ranked Apple as the company with the most NPE lawsuits.
According to PatentFreedom, a non-practicing entity is “any entity that earns or plans to earn the majority of its revenue from the licensing or enforcement of its patents.” These entities are also commonly referred to as “patent trolls,” although PatentFreedom prefers to avoid that term since it can sometimes be misapplied to companies that are legitimately trying to protect their intellectual property rights… (Read more.)