Saturday, 25 August 2012

Samsung loses trial against Apple, ordered to pay over $1bn in damages

Apple

A jury of seven men and two women has just read the Apple v. Samsung verdict to a packed courtroom -- and it was all bad news for Samsung. The Korean electronics giant has been found to infringe all of Apple's utility patents and all but one of the four design patents asserted, and was ordered to pay $1.05 billion (£665 million) in damages to Apple.


That's less than the $2.75 billion (£1.4 billion) Apple asked for, but still a huge sum. If it holds up on appeal, it will stand as the largest patent verdict of all time. More importantly, it gives Apple a huge leg-up in the corporate patent wars, and immeasurably strengthens the company's negotiating position with regard to the Android phones it is struggling against.


By: Joe Mullin, Edited by: Nate Lanxon


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via Wired.co.uk



http://www.wired.co.uk/news/archive/2012-08/25/samsung-apple-defeat

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