Samsung To Pay $930 Million For Copying Apple Products
Online, March 11, 2014 (Newswire.com) - Samsung To Pay $930 Million For Copying Apple Products .It was 2012 when the most important patent war sparked off and at that point. Samsung was ordered to pay Apple massive sum of $1.05 billion for damages caused because of infringing patents. There was an enormous spat and Samsung pleaded that the numbers ought to be revised and a brand new trial befell that led to a fine of approx $929.8 million.
Today, the case has finally been closed with allotting Apple approximate price of $930 million. However, Apple's request of restricting permanent sales of Samsung's infringing product has been denied and therefore the court has aforementioned that Samsung is liberal to sell the product within the U.S.
The focus can currently shift to the second apparent trial slammed by Apple on the South Korean electronics that targets the Samsung Galaxy S III smartphone. whereas the Smartphone is out-dated and it still commercialism in range of markets round the globe in keeping with specialists, the long run trials may finish in way more subtle damages for Samsung and convey in even higher amounts for Apple than the primary trial.The long-standing patent war between two smartphone giants - Apple Inc. (AAPL) and Samsung Electronics (SSNLF) - shows no signs of letting up. In the most recent development US District Judge Lucy Koh, who has been presiding over the case for the last three years, denied Apple's request for a permanent ban on the sale of some Samsung products in the US, marking a victory for the Korean smartphone maker. However, the picture is not so rosy for Samsung since the judge also approved an award of $930 million in damages to Apple.
When Koh had denied the ban request a second time, the court had asked Apple to present substantial evidence that patented features were affecting consumers' purchasing decisions. Last year in a November retrial, the court had allowed Apple to renew its injunction plea to ban Samsung products, which Apple renewed in December. Apple has continued to seek a ban since monetary damages were not deemed an adequate remedy.