Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Kodak Still Pushing For $1 Billion in Patent Royalties From Apple and RIM [Updated]
Bloomberg reports that the U.S. International Trade Commission (ITC) is set to announce today whether it will reexamine a preliminary decision ruling that Apple and Research in Motion have not infringed upon a Kodak patent related to digital camera technology. Kodak, which remains confident that it will prevail in the dispute, believes that it can extract on the order of $1 billion in licensing fees from the two companies, on par with royalties it received from Samsung and LG following a fight over the same patent.
A decision is scheduled for about 5 p.m. Washington time today on whether the U.S. International Trade Commission will review a judge's findings from January that Apple's iPhone and RIM's BlackBerry don't violate Kodak's patent on an image- preview feature in camera phones. Opening a review would revive Kodak's effort to extract compensation from Apple and RIM.
"This is a lot of money, big money," said [Kodak CEO Antonio] Perez, who estimates the royalties may be similar to payments the company received from Samsung Electronics Co. and LG Electronics Inc.
Update: The ITC today announced that it will in fact reexamine the earlier ruling that had made in Apple's favor, breathing new life into Kodak's case.