Samsung to Pay $290 Million More To Apple
A jury on thursday decided that Samsung will have to pay Apple a sum of $290,456,793 more for its patent infringement case. This comes after Samsung has already been asked to shell out 1 billion US $ to Apple. This amount is still less than what Apple had demanded, which was $390 Million.
The total money Samsung has paid or will pay to Apple has now reached approx. $930 million, just to let you get a fair idea it is approx. 5833,23,90,000 in Indian Rupee.
For Apple, this case has always been about more than patents and money,” Apple said in a statement. “It has been about innovation and the hard work that goes into inventing products that people love. While it’s impossible to put a price tag on those values, we are grateful to the jury for showing Samsung that copying has a cost.”
Samsung, said it is “disappointed by today’s decision, which is based in large part on a patent that the US Patent and Trademark Office has recently deemed invalid.”
While we move forward with our post-trial motions and appeals, we will continue to innovate with groundbreaking technologies and great products that are loved by our many customers all around the world,” the Korean company said in a statement.
During the session, Apple said that if Samsung did not use infringement devices they would have sold alot of iPhone’s throughout the world. Apple claimed that Samsung was the reason for the company to not earn more profits from iPhone’s, so Samsung should compensate it.
On the other hand, Samsung showcased reports of why people bought Samsung phones. Samsung showcased that all of its consumers got attracted towards bigger screens, better battery and alot more.
However, as said by the jury members: Samsung didn’t provide enough information to make its case. We hope this ends the lawsuit, and both the companies continue the innovation and stop the endless war.
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