Apple Vs. Samsung: Jury Awards $290.0 Million to Apple Inc

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Apple Inc got a favourable ruling against its rival Samsung, after a U.S. jury ordered the South Korean company to pay $290.0 million as damages to the iPhone maker. 

In a 2012 verdict, 26 Samsung devices were found guilty of infringing Apple patents and the company was asked to pay $1.05 billion as damages by the then jury. However, U.S. District Judge Lucy Koh upheld approximately $640.0 million of that verdict and ordered a retrial, citing errors in calculating damages on 13 Samsung devices.

The retrial held in San Jose, Calif. federal court recalculated the damages and awarded $290.0 million to Apple, much less than the original penalty. This was lower than Apple”s demand of $380.0 million, but much higher than Samsung’s estimated figure of $52.0 million.

This is the second time win of the company within a short period. On Nov 18, the U.S. Court of Appeals ruled that Judge Lucy Koh should reconsider Apple’s request for a U.S. ban on Samsung products that were found guilty of infringing patents.

Last December, the U.S. Judge had denied Apple’s request for a ban on 26 Samsung products. The appeals court ruled that out of the 6 infringed patents, 3 qualified for calling a ban on Samsung products.

News Courtesy: ValueWalk