Apple Stock Edges Higher Amid Ongoing Legal Battles

Apple's stock price edged higher on Monday despite facing two significant legal bills. A revived UK reseller case and a $5.7 billion US patent verdict are ongoing, but neither is finalized.

The UK tribunal allowed claims related to purchases made on Amazon's UK marketplace to proceed, with estimated damages ranging from £431.2 million to £898.6 million before interest.

In the US patent case, a jury awarded Taction more than $5.7 billion over haptic technology, but Apple plans to appeal the decision.

The tribunal's ruling and the patent verdict do not establish final cash costs for Apple, as both are subject to further legal review.