Companies from time and time again, love suing each other. The reason for that is, to increase profit margins. Therefore, in results of a 9-person jury in California, Samsung received an utter defeat after being ordered to pay Apple $1.04 billion dollars in damages. This is still a disappointment for Apple, as they were asking for almost twice as much (over 2.5 billion dollars to be exact). The exact number for Samsung’s lost is $1,049,343,540 dollars.
Posted in Smartphones, Tablets
- Tagged $1.04 billion, Apple, Apple v Samsung, AppleVSamsung, California, Damages, decision, IPhone, Judge Lucy Koh, JudgeLucyKoh, Jury, lawsuit, mobilepostcross, Patent, person jury, profit margins, ruling, Samsung, san jose, SanJose, us district court, UsDistrictCourt, Verdict
Apple and Samsung are both companies that love suing each other, hoping for a chance to increase their profit margins. This wasn’t the case today, as both Apple and Samsung were found guilty of patent infringement, claims the South Korean court. The verdict rules that Apple owes Samsung $35,000 and Samsung owes Apple $22,000. The funny things about the verdict is that both companies spend hundreds of thousands of dollars just on lawyers. So in the end they both lost, and entertained the blogsphere. However, on the other side of the world in California, Apple is suing Samsung for over $2.5 billion dollars. So at the end of the day, the ruling basically made a joke out of two giant egoistic companies.
Posted in Finance
- Tagged Apple, California, Court, IPad, IPhone, Patent, Patent infringement, profit margins, Samsung, South Korea, Verdict