Apple wins $290M in Patent Claims Against Samsung
On Thursday, a federal jury awarded Apple a $290 million settlement from Samsung. Apple was originally going for $380 million in patent disputes involving the ”pinch to zoom” technology used in the iPhones and iPads.
This is only the latest in court victories for Apple. This latest settlement brings it up to $929 million in patent claims against Samsung. So far there have been over 14 products with ”borrowed” tech.
Samsung spokesman, Adam Yates, said in a statement,”While we move forward with our post-trial motions and appeals, we will continue to innovate with groundbreaking technologies and great products that are loved by our many customers all around the world.”
It had already been decided in an earlier case that Samsung had infringed on Apple’s patents, this case was strictly about the money. The jurors were instructed to only consider the losses suffered by the Curpertino company. Apple arrived at the $380 million amount based on a combination estimates of their lost profits ( about $114 million), Samsung’s profits (about $231 million), and lost royalties( about $35 million). Apple is claiming that they estimated sales of around 360,000 devices, if their patent had not been infringed upon by Samsung.
Samsung’s counter argument was that Apple shouldn’t receive any money for lost profits, Samsung’s profits, or royalties because the patents have limitations.
Image courtesy of Sal Falko
Originally posted 2013-11-22 23:10:13.