Apple ordered to pay $533 million for patent infringement

By Andrew Chung NEW YORK (Reuters) - Apple Inc has been ordered to pay $532.9 million (344 million pounds) after a federal jury found its iTunes software infringed three patents owned by Texas-based patent licensing company Smartflash LLC. Though Smartflash had been asking for $852 million in damages, the verdict, which came late Tuesday night, was still a costly blow for the U.S. tech giant, the most valuable company in the world. After deliberating for eight hours in the U.S. District Court fo