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Taction Technology is seeking further royalties related to the sales of Apple products following a jury's decision that awarded the company $5.7 billion in a patent lawsuit. The firm argues that the verdict only pertains to Apple sales made until March 2026 and is requesting royalties for subsequent sales of the iPhone and Apple Watch, along with interest retroactive to April 2021. Taction has suggested a prejudgment interest rate of 7% per annum and intends to receive quarterly sales updates, with payments required within 30 days after each quarter. The royalties sought may extend until September 24, 2035, although the initial verdict has not yet been finalized.
Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00A $5.7 billion jury award has Taxion Technology, a patent holder, seeking additional Apple payments.
00:07Apple's latest iPhones and watches face royalty demands extending beyond past purchases.
00:13Taxion says the award covered sales through March 2026, leaving six months uncompensated.
00:18Newer devices use essentially the same patented vibration technology,
00:22Taxion argues. Apple says its technology is fundamentally different from Taxion's.
00:27Quarterly U.S. sales reports and royalties within 30 days feature in Taxion's proposal.
00:33Taxion proposes interest from April 2021 at 7% annually before final judgment.
00:39Apple would also owe interest from final judgment until payment.
00:42Under Taxion's request, royalties would continue until patents expire September 24, 2035.
00:50Under Taxion's proposal, the judge has yet to enter a final judgment on the jury's verdict.
00:55Apple is seeking to overturn the verdict or obtain a new trial.
00:59Taxion's additional payments and future device royalties therefore remain unresolved.
01:04Disclosure. This video contains stock footage and content created or enhanced using AI-assisted tools.
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