Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Apple-Samsung trial: Highs and lows

Kartik Sharma | Aug. 30, 2012
Finally, it is decided. The California Court gave the much-awaited verdict when it declared that Samsung must pay Apple US$1.05 billion, a significant amount though it is much less than the Korean company's net annual profits solely in US.

 August 24, 2012: Jury Favors Apple, Samsung to Pay $1 Billion in Damages

 The verdict can be seen overall as a big win for Apple, although the Cupertino-based maker of the iPhone and iPad was awarded less than half of the $2.75 billion in damages it was seeking.

 The court may also ban the sale of controversial Samsung products in US. The Korean technology giant has vowed to fight on, saying in a statement, "This is not the final word in this case or in battles being waged in courts and tribunals around the world." Today's verdict should not be viewed as a win for Apple, but as a loss for the American consumer, the company said.

 Apple continues to claim that the verdict is a win for values.

 

Previous Page  1  2  3 

Sign up for CIO Asia eNewsletters.