“The verdict is in and Samsung was found guilty of infringing three out of the five patents in this latest round of the Apple-Samsung patent war. While the jury charged Samsung to pay Apple $120 million in damages, the actual award may be considerably more before this is all over,” Jack Purcher reports for Patently Apple.
“After less than a week of deliberations, the jury on Friday found that Samsung “willfully” copied Apple’s patents. If the judge considers the jury’s specific finding of Samsung “willfully” copying Apple’s patent, she can triple the award to $360 million by law,” Purcher reports. “That doesn’t mean that the Honorable Judge Lucy Koh will act on this but it’s certainly a possibility.”
“Yesterday an Apple spokeswoman stated that Friday’s ruling reinforced its belief that Samsung ‘willfully stole our ideas and copied our products.’ She added the company will fight to defend ‘the hard work that goes into beloved products like the iPhone,'” Purcher reports. “Apple also stated that they were ‘grateful to the jury and the court for their service.”
Read more in the full article here.
MacDailyNews Note: The $930 million in damages Samsung was ordered to pay Apple last year for infringing its patents is equal to just over 16 days’ worth of Samsung profits. If the current damages are trebled to $360 million, they’ll equal just over 6 days profit for Samsung. If left as is, at $120 million, that’s equal to a whopping two days worth of Samsung profits.
As Samsung knows all too well: Crime pays.
[Thanks to MacDailyNews Readers “Fred Mertz,” “Dan King,” and “Judge Bork” for the heads up.]
Apple v. Samsung II damages breakdown revealed in jury verdict form – May 3, 2014
After seeking $2 billion, jury awards Apple just $120 million over Samsung’s infringement of two patents – May 2, 2014
Slap on the wrist: Samsung’s damages for infringing Apple’s patents equivalent to 16 days’ profit – January 25, 2014