Patent troll

Here’s How Apple Lost $533 Million to a Patent Troll

Earlier this week, Apple was ordered to pay $532.9 million to patent licensing company Smartflash LLC, after a federal jury found that iTunes had infringed on three of its patents. Wondering how the hell did Apple lose to an 8th-grade dropout patent troll, Fortune’s Philip Elmer-DeWitt did some research, which reveals that the iPhone maker lost simply because...