What a Difference 226 Years Makes
Patents can be extremely lucrative: Apple paid Nokia $1 billion, and pays $13 for every iPhone® sold because of a touchscreen patent Nokia obtained in 1999. Lonnie Johnson, a former NASA rocket scientist, has obtained about 100 patents for his inventions. He invented the Super Soaker and some sources state he made more than $300 million from his inventions. Without the protection granted by the United States patent system, these profits would not exist.
Even if a patent does not generate millions for an inventor, the inventor has the knowledge, and the accompanying pride, that he or she created something new that did not exist before.
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