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Kodak Hopes to Win $1 Billion from Apple Over Camera Patent Dispute


With its photography-related businesses struggling and no end in sight to its stock’s free fall, Kodak is turning to patent infringement lawsuits as a way to generate revenue. The company is currently in a patent dispute with Apple (iPhone) and RIM (Blackberry) over a patent it holds for previewing image on camera phones, and hopes to generate over $1 billion in royalty revenues if it comes out victorious. Previously Kodak had used this same patent to win nearly $1 billion from Samsung and LG.

Of the $7.2 billion in revenues Kodak generated in 2010, $838 million was from patent royalties. Somehow this doesn’t seem like a sustainable strategy for the company to stop being “Apple in reverse”.

(via Bloomberg)

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