“Samsung could face a $15 billion fine in Europe alone for using ‘standard-essential’ patents in its attempts to ban devices like the iPhone in its ongoing patent battle with Apple,” Zach Epstein reports for BGR.
“The Guardian reports that the European commission could impose a massive fine of up to 10% of Samsung’s global turnover following its investigation into Samsung’s use of standard-essential patents in complaints filed against Apple in Europe,” Epstein reports. “Samsung’s revenue totaled $148.9 billion in 2011, so fines in Europe alone could reach $14.8 billion.”
Epstein reports, “Samsung withdrew its motion asking to ban sales of the iPhone and iPad across Europe last week, just days before the European Commission made its objections to Samsung’s use of standard-essential patents public.”
Read more in the full article here.