It has not been a good couple of months for Apple. After launching the iPhone 5, their stock took a dive. After launching the iPad mini, their stock took a dive. After announcing executive changes, their stock took a dive. Adding all these up, their stock value has dropped from over $700 to below $600, a pretty large change.
Not only has the stock price been falling, they've suffered a few losses in court. The UK courts ruled that the Galaxy Tab does not infringe on the iPad design copyrights and Apple has been forced to run ads saying so. Well, now the company has suffered another loss at the hands of the court, this time in Mexico.
The Mexican court system has ruled that iFone, a telecommunications and call answering service in Mexico and Latin America, has the legal right to the trademark iFone and, subsequently, iPhone, since it is said the same way. The trademark was registered in 2003, and Apple didn't launch their iPhone until 2007. Oops.
Apple must now pay the company sanctions of up to 20,000 days minimum wage, which is $5 a day. $100,000, no big deal, right? Well, it also can be no less than 40 percent of the sales of iPhones in Mexico. This number is not as easy to determine, but I'm sure it adds up to more than $100,000.
What are your thoughts regarding Apple as of late? Think they're heading for the poor house? Let us know in the comments.