Virnetx v Apple 2013 Royalty Estimates

Apple Damages January 1, 2013 - December 31, 2013
Date	3/31/2013	6/30/2013	9/28/2013	12/31/2013
Total Revenue Per Unit
iPhone	$     22,955,000,000	$   18,154,000,000	$  19,510,000,000	$    32,498,000,000
iPad	6,374,000,000	8,746,000,000	6,186,000,000	11,468,000,000
iPod	962,000,000	4,569,000,000	573,000,000	973,000,000
Americas Revenue %	32.23%	40.78%	37.20%	34.90%
Americas Revenue	3/31/2013	6/30/2013	9/28/2013	12/31/2013
iPhone	$      7,397,740,064	$     7,403,345,412	$    7,258,457,248	$    11,340,500,816
iPad	2,054,157,925	3,566,688,277	2,301,425,758	4,001,872,834
iPod	310,025,090	1,863,274,495	213,177,653	339,538,042
Total	$      9,761,923,079	$   12,833,308,184	$    9,773,060,659	$    15,681,911,692
Estimate US Revenue 90%	8,785,730,771	11,549,977,366	8,795,754,593	14,113,720,523
Smallest Saleable	$      7,028,584,617	$     9,239,981,893	$    7,036,603,674	$    11,290,976,418
Unit per Final Judgment
Excluded 20% of Devices			Total =	$    34,596,146,602
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Virnetx .5% Royalty Owed	$           35,142,923	$         46,199,909	$         35,183,018	$          56,454,882
(Jury Verdict %)
			Total =	$    172,980,733.01
Virnetx 1% Royalty Owed	$           70,285,846	$         92,399,819	$         70,366,037	$        112,909,764
			Total =	$    345,961,466.02
Virnetx 1.52 Royalty	$         106,834,486	$       140,447,725	$       106,956,376	$        171,622,842
(VHC Asking For)
			Total =	$    525,861,428.35
Assumptions:
Apple does not have a non-infringing workaround
90% US Estimate is close to being accurate, this number could be revised in either direction.
The majority of the money is from products not included in the first trial.
Virnetx is trying to collect this money in post-verdict motions not yet ruled on proving
new devices are the same as already proven infringing devices .
Conclusions:
There is a substantial amount of money at stake for both parties.  Even at the .5% rate
would yield a substantial stream of revenue to Virnetx.
All numbers could be subject to treble damages if Virnetx proves willful infringement at
the pending 2015 trial.