Immersion’s shares rocketed 50% to US$11 after it revealed it had entered into settlement and licensing agreements with the consumer electronics giant, the terms of which were confidential.
Haptic feedback patents infringed
Its lawsuit stated that the haptic feedback systems of the Apple iPhone 6/6Plus, iPhone 6/6s Plus and Watch/Watch Sport/Watch Edition infringed upon two of Immersion’s patents, and the iPhone 6s and 6s Plus allegedly infringed upon a third patent.
Apple’s stock was down 1.5% at US$168.96.
In the regular session, Immersion shares soared over 47% to US$10.84.
Apple shares shed 1.71% to stand at US$168.58 each.