VIEWS: 14 PAGES: 2 POSTED ON: 7/25/2012
Apple may have garnered $8.8 billion profit last quarter, but this good news has come along with another challenge for Apple against its tough Competitor (Samsung). Apple which to claim a $2.525 billion of damages in its battle against South Korea’s Tech Giant Samsung Electronics Co. Over patent infringement for technology used in the iPhone and iPad.
Apple Claiming $2.525 billion from Samsung Apple may have garnered $8.8 billion profit last quarter, but this good news has come along with another challenge for Apple against its tough Competitor (Samsung). Apple which to claim a $2.525 billion of damages in its battle against South Korea’s Tech Giant Samsung Electronics Co. Over patent infringement for technology used in the iPhone and iPad. The estimated $2.525 billion was revealed in the federal court in San Jose, California by U.S. district (Pre-siding Judge, Judge Lucy Koh), filed six days before the world’s largest electronics producing company are scheduled on a trial to begin on July 30. Samsung is facing copy infringement as Apple strongly says Samsung’s Tablet and Smartphone were based on Apple’s iPhone and iPad. In its lawsuit, Apple also said Samsung owes them “substantial monetary damages” for it illegally copied Apple products and then enters the tech market and then compete. Apple said, Samsung has been unjustly enriched – by depriving Apple of $500 million of profit and $25 million of reasonable royalty damages and an undisclosed amount of estimated $2 billion, a whopping total of $2.525 billion. Apple plans for permanent injunction to stop future violations. Of which weeks ago, Apple filed ownership to some of their intellectual properties for it not to be infringed like One Patent in particular -- No. 8,223,134: "Portable electronic device, method, and graphical user interface for displaying electronic lists and documents". "Granted, the latest addition to the Cupertino-based tech giant's stable of intellectual property could be the mother of all Smartphone software patents," writes Phandroid's Kevin Krause. "The effects could be swift and lethal." Last March 3, 2012, A German court has dismissed patent lawsuits filed by the South Korean Tech Company and also filed patent lawsuits by the Cupertino, California-based company. It has been many years since these 2 Giants has been battling it out to become the World’s most supreme Smartphone and Tablet producer in the computer market. Now Apple and Samsung is up it again. After Apple filing lawsuit against Samsung in a Federal Court, Samsung Counter-filed a lawsuit Accusing Apple but this time not about copy infringement, Samsung accused Apple of Stifling legitimate competition and limiting choices for consumers to maintain or gain more profit by eliminating their competitors. In its filing, Apple claiming more than $31 unit to reasonable royalty rates. Inclusion of $24 for use of Apple’s trade dress rights and design patents,” $2.02 for bounce feature, $2.02 for “tap to zoom” feature, and $3.10 for Scrolling feature (Patent) plus Apple stating remedy of Which entitled over its “declared-essential patents” should only limit to one-half of one cent per unit of those patents infringed by Samsung. It is expected, If iPhone 5 will be released, Samsung will come up with a similar functioning smartphone. It might give fans the option to throw away their smartphone or sell your cell phone at online refurbishing websites and then either buy Apple or Samsung Smartphones. Last week in a court-supervised mediation, participated by Samsung Executives and Apple CE Tim Cook tried to resolve the case with a resolution but both did not end up with an agreement. Would this result to another dismissal like what happened in Germany and then appeal again its lawsuit with a Higher Court. Click here to Read on Apple's $8.8 Billion Profit Increase Source: http://smartphonesforcash.blogspot.ca/2012/07/apple-claiming-2525-billion-from- samsung.html
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