Samsung losses Patent case to pay Apple $1 Billion

Best Easter Deals

A Jury seating in California has found Samsung guilty of infringing Apple’s patent and awarded Apple damages of $1.05 billion. This is a big victory for Apple and could have far reaching impact on technology companies worldwide if it survives a likely appeal by Samsung.
Buy Samsung Galaxy Phones Online

The 9 person jury found that Samsung infringed 6 out of 7 patents cited by Apple in the case. In five cases, the jury found Samsung’s infringement wilful. The award of $1.05 billion is less than the $2.5 billion sought by Apple, but the finding of wilful infringement means that the Apple’s damages could be increased by up to a factor of three by the Judge.

The jury found Samsung infringed design elements of popular products from Apple like the iPad and iPhone in its Samsung Galaxy Phones (Samsung Galaxy S3 not included).

Paying $1.05 billion damages is not going to be a problem for Samsung. The company seats on a $21 billion cash pile, taking one off that is not likely to have huge impact in the company’s financials. In addition, it will only take Samsung one quarter to replace the billion in the pile.

Mobile is High Stakes

However, the stakes are higher. Apple is now seeking an injunction that will see all infringing Samsung products banned in the United States. A hearing on the injunctions has been scheduled for September 20. This injunction could prove very expensive for Samsung if granted.

So, do not expect Samsung to simply pay the billion. Samsung has already hinted it will appeal. Expect this one to reach the supreme court, except a mutual and favourable agreement is reached by the two companies.

Apple & Samsung Articles

Paschal Okafor is NaijaTechGuide Team Lead. The article Samsung losses Patent case to pay Apple $1 Billion was written by Paschal Okafor. The article was last modified: May 9th, 2016
Best Easter Deals
NaijaTechGuide may receive financial compensation for products/services purchased through affiliate links on this site. See full Affiliate Disclosure Here