“Samsung Electronics Co. will challenge a jury’s $120 million award to Apple Inc. in a patent-infringement verdict that was ‘unsupported by evidence,’ a lawyer for the Suwon, South Korea-based company said,” Joel Rosenblatt reports for Bloomberg.
“Samsung will ask the trial judge and an appeals court, if necessary, to reduce the damages awarded by the jury May 2 and yesterday to zero, John Quinn, a lawyer for the maker of Galaxy smartphones, said in a statement,” Rosenblatt reports. “Apple sought as much as $2.2 billion in damages in the companies’ second U.S. trial as the world’s top two smartphone makers seek to dominate a market that was valued at $338.2 billion last year, according to data compiled by Bloomberg.”
Rosenblatt reports, “Samsung had 31 percent of industry revenue, compared with 15 percent for Apple, whose share of the market has shrunk as the touch-screen interface has become more commonplace and Samsung, LG Electronics Inc. and Lenovo Group Ltd. have introduced lower-cost alternatives.”
MacDailyNews Take: Bzzzt! No, Samsung does not have “31 percent of industry revenue, compared with 15 percent for Apple.” Third parties [Strategy Analytics] claim that Samsung, which does not release unit sale figures, has 31% market (unit) share, not “revenue.” Apple dominates smartphone revenue and profit shares.
Rosenblatt continues, “‘Of course we’re pleased that the jury awarded Apple 6 percent of what they were asking for,’ Quinn said in the statement. ‘But even that can’t stand, because Apple kept out all the real world evidence and didn’t produce anything to substitute for it, so you have a verdict that’s unsupported by evidence -– and that’s just one of its problems.’ … Apple was awarded $930 million in the first trial. In that case, which involved earlier models of smartphones and tablets, Apple’s request for an order barring sales of infringing Samsung phones was rejected by Koh. Apple has said the ban was more important to it than monetary damages.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “M J Miller” for the heads up.]
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