Zhizhen “attacks” Apple, Inc. (NASDAQ:AAPL)

0
1187

Dallas, Texas 07/05/2013 (Financialstrend) – Apple, Inc. (NASDAQ:AAPL) closed in the previous trading session at $420.80 after going up by 0.55% (or $2.31). The intra-day range of the stock is $417.45-$422.98. The market capitalization of the company is $395.59 billion.

The representatives of the United States electronics company, Apple, Inc. presented themselves in the Shanghai court of China for an intellectual property rights case on Tuesday. The case involved the software used from Apple’s, Siri, its voice-activated digital assistant.

Shanghai Zhizhen Network Technology Corporation, a developer of a voice technology known as Xiao i Robot, alleged that Siri has broken the patent filed by Shanghai Zhizhen related to “a type of instant messaging chat robot system”.

The chairman of Shanghai Zhizhen Network Technology Corporation, Yuan Hui, said that the company noticed the digital assistance of iPhone 4S, Siri, copied the artificial intelligence technology of Xiao i Robot, when it was launched in 2011. As a result, the company has reasons to protect its rights, since it is a part of a national enterprise. Mr.Hui said that the company filed for the patent for its software with State Intellectual Property Office of China in 2004 and received its approval in 2006.

Apple acquired Siri in 2010, producing the mobile virtual assistant since 2007. Apple incorporated this technology into its smart phone, iPhone 4S in 2011. Now Mr.Hui said that his company negotiates an agreement with Apple.

Yuan Yang, attorney of Zhizhen from DeBund Law Offices, said that according to this proposal, the company and its local subsidiaries will have to stop selling, manufacturing and using products with the technology of Siri in any system newer than Apple iOS 6, which includes iPad 3, iPad 4, iPhone 4S, iPhone 5 and iPod touch 5.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.