Apple is using its patent lawsuits funding to fund legal litigation, as the company tries to rebuild its patent portfolio and make up for lost revenue.
Apple, which had previously sued nearly a dozen patent holders, including Google, Facebook and other companies, will soon pay a total of $4 billion to settle lawsuits brought against it.
The payments will go toward patent infringement litigation, patent litigation settlement, patent infringement trial costs, patent trial costs related to the invalidation of Apple’s patents and other costs related the Apple lawsuit.
Apple is paying a total sum of $1.2 billion to resolve the lawsuits against it, according to a Bloomberg report from August 10.
Apple will also pay a “substantial amount” of legal fees to settle its patents litigation case against Google and other patent holders.
Apple has been involved in patent litigation lawsuits before in the past.
In the late 1990s, the company settled a lawsuit over the design of the iPod with a $1 billion payment.
The company’s lawsuits against companies including Nokia, Microsoft and others have also been a big part of Apple sales, with Apple and other tech companies paying for patent lawsuits to settle.
Apple’s patent litigation fund was created to help it pay for patent litigation against other tech giants, like Microsoft, Microsoft’s Nokia and other Apple products.
Apple sued a number of tech giants including IBM and Dell in 2015, including a $2.6 billion settlement.
Apple had sued a dozen tech companies, including Microsoft, IBM, Dell and Apple in 2015.
Apple also settled a patent litigation case in 2016 against Intel for $5 billion.
The settlement included a $500 million payment to Apple.
Apple was sued over the iPhone 6, iPhone 6 Plus and iPhone 6S.
Apple paid $5.5 billion in 2017 to settle the lawsuit.