Germany Company IPCom sued Apple infrining on patented...

Germany Company IPCom sued Apple infrining on patented technology that gave emergency calls priority on mobile networks. Patent and copyrights provide a set of rights granted by government to an inventor or assignee for period time in exchange for detailed public disclosure of an invention.It enables people to earn regonition or financial benefits from what they invent or create. No party or group can take advantage of the invention for own interest without the permission of inventor. In this case, IPCom accused Apple violate its patent and Copyrights (technology solutions on smartphone) for the emergency call application on Iphone without agreement between two parties. Intellectual property rights have three major types: Copyrights,†¦show more content†¦A good example will like a VIP service. For those who do not have VIP, they are prevented to get VIP service. In Oligopoly market, few firms share the market power, produce different products with various advertising, has substaintial barriers to entry, and they are interdependent and has the the potential for long run economic profits. In the smartphone market, we know the software installed in phone has very high fixt cost, since software and smartphone are bundled, so it will have high barrier to entry the smartphoen market.Currently in the smartphone oligopoly market, there are some dominant firms like Apple and Samsung.If Samsung comes up new products or new software application, it will affact other firms operating profit or otherwise. This market is very competitive and the market share could change easily. Suppose there is one firm maintian major market share, the firm gains the market power to set higher smartphone price to maximize the profit. Innovation is the key in the market. In order to gain more market power and compete with other firms, those companies pay a lot attention on patent of new inventions. They purchased patents, do patent licensing, or corporated with other technology companies to get the first hand information of technology. Rencently, we can see a lot patent cased brought into the court. As the competition goes firerce, companies realize that they can use the patent laws to prevent otherShow MoreRelatedWhat Is an Essay?1440 Words   |  6 PagesBuscemi Essay #3 Rough Draft An essay is a creative written piece in which the author uses different styles such as diction, tone, pathos, ethos or logos to communicate a message to the reader using either a personal experience, filled with morals and parables, or a informative text filled with educational terms. Educational terms could mean the usage of complicated and elevated words or simply information you would get in schools. 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