Legal News

Apple Wins $1.051 Billion Damages in Apple-Samsung War
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

On Friday, a U.S. jury found that Samsung had copied critical features of Apple’s iPhone and iPad, and awarded $1.051 billion in damages to Apple. The verdict opens up many possibilities. It can lead to a ban on the sales of certain Samsung products and consolidate Apple’s dominance in the smart phone market.

Apple’s charges against Samsung in that the Korean company had copied Apple’s designs is seen in the industry as a proxy war against Google. Samsung devices are powered by the Android software developed by Google, which is the most widely used mobile software in the market. The verdict also opens up possibilities of other companies now facing legal challenges from Apple, especially those companies that depend upon Google’s Android operating system.

Following the verdict, just this week, Apple became the biggest company in US history according to market value, Apple shares climbed by almost 2% to a record high of $ 675.

  
What
Where


The verdict was reached sooner than expected with the jury deliberating for less than three days before reaching its conclusion. At issue were seven patent claims of Apple and five patent claims of Samsung.

In another turn in the global war between Apple and Samsung, earlier on Friday, a South Korean court found both companies shared the blame and passed an order stopping Samsung from selling 10 of its products and banning Apple from selling four products. The bans included the leading products of both Apple and Samsung, namely the Galaxy S II and iPhone 4.

Though Apple and Samsung are rivals in the industry, they also have a $5 billion-plus supply relationship. Apple is the biggest customer for Samsung microprocessors.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Probate Paralegal / Assistant

USA-FL-Bokeelia

Waggoner & Bruehl, PA, a small Law Firm in Pine Island, Florida, is seeking a Probate and Trust Admi...

Apply now

EXPERIENCED PARALEGAL PROFESSIONAL

USA-CA-Costa Mesa

Prominent AV Rated Orange County business bankruptcy and commercial litigation law firm boutique see...

Apply now

Litigation Mid-Level Associate Attorney

USA-CO-Denver

Hoban Law Group is currently seeking an exceptional mid-to-senior litigation attorney with multi-fac...

Apply now

Real Estate Paralegal - Immediate Opening

USA-NY-Sheepshead Bay

$35,000 to $60,000 Annually Benefits Offered Medical Employment Type Full-Time Why Wo...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate/Transactional Attorney

USA-IA-Des Moines

Des Moines office of a BCG Attorney Search Top Ranked Law Firm seeks corporate/transactional attorne...

Apply Now

Corporate Attorney / Counsel

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks corporate attorney with 5+ y...

Apply Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top