“The $930 million in damages Samsung was ordered to pay Apple last year for infringing its smartphone patents is more than some device makers earn in a year, but for Samsung it’s equal to just over 16 days’ worth of profit,” Martyn Williams reports for Macworld.
“The Seoul-based company reported its financial results Friday and said quarterly operating profit from its IT and mobile communications division, which sells primarily phones and tablets, came to $5.1 billion,” Williams reports. “That works out to roughly $56.6 million per day, so the damages it was ordered to pay Apple in one of their California lawsuits amounts to just over two weeks of profit.”
Read more in the full article here.
