Apple Inc. (NASDAQ: AAPL) has been directed by Federal Jury to pay around $308.5 million to Personalized Media Communications LLC (PMC) for violating a patent linked to digital rights management. The Jurors has made the ruling according to which the US-tech giant is bound to pay the royalty to PMC.

The amount of royalty payment will be based on the number of sales of a product or service. PMC which is recognized as a licensing firm had initially filed a lawsuit against Apple in 2015 claiming that the iTunes service of the tech giant has breached seven of its patents.

Shares of Apple Inc. (NASDAQ: AAPL) plunged 0.45% after it lost -0.54 during the trading session of Friday. In the past 52-weeks of the trading session, the firm’s share has fluctuated between the 52-week low range of $53.15 and a 52-week high range of $145.09. Apple Inc.'s share went up 125.75% from its 52-week low and -17.30% from its 52-week high. Apple Inc has a total market capitalization of $2029.88 billion at the time of writing.

AAPL has successfully questioned the case of PMC at the U.S. patent office, but a petitions court in March last year overturned that decision, opened the path for the trial. PMC has breach cases pending against firms including Inc, Netflix Inc, and Alphabet Inc's Google.