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Apple awarded $290M in Samsung retrial

  • It's a nice win for Apple (AAPL +1.1%) as a jury awards it $290M in its patent damages retrial with Samsung (SSNLF, SSNGY). Apple had asked for $380M, while Samsung argued it owed $52M.
  • The award comes on top of the $598.9M granted to Apple in its 2012 infringement suit against Samsung. The jury in that trial had originally awarded Apple $1.05B, but Judge Koh later reduced the figure, arguing the jury had miscalculated how much Samsung owed.
  • Like the original trial, the retrial took place in San Jose, next door to Apple's hometown of Cupertino.
Comments (28)
  • kimboslice
    , contributor
    Comments (1487) | Send Message
     
    yay. Go Apple, take no prisoners.
    21 Nov 2013, 03:45 PM Reply Like
  • vbbv
    , contributor
    Comments (77) | Send Message
     
    How about using this 290M + 600M already due to immediately repurchase Apple shares :)
    21 Nov 2013, 03:46 PM Reply Like
  • Dennis Baker
    , contributor
    Comments (1248) | Send Message
     
    Another meaningless court battle. This is likely to be dragged out for another 2-3 years before any kind of payout and even then it's a rounding error for investors with zero benefit to consumers. It's also not likely to change Samsung's behavior in any way. This is a battle Samsung has long since won, they've received well over a billion in benefits from their cloning efforts, this is just a line item. Lawsuits are "operating costs".
    21 Nov 2013, 03:58 PM Reply Like
  • Say it ain't So!
    , contributor
    Comments (2) | Send Message
     
    So True!
    21 Nov 2013, 08:02 PM Reply Like
  • portatopia
    , contributor
    Comments (545) | Send Message
     
    So what you are saying is that if some one is stealing my intellectual property and benefitted from them handsomely and in the process trying to put me out of business. I should just roll over and die? Are you seriously? Meaningless? Just for the principle alone is worth fighting for or there will be no innovations if you know whatever you invented will get stolen by Samsung.
    21 Nov 2013, 08:41 PM Reply Like
  • adrian816
    , contributor
    Comments (177) | Send Message
     
    The principle is worth fighting for but Samsung are getting away with it. Apple should have got double what they asked for.
    22 Nov 2013, 05:17 AM Reply Like
  • Dennis Baker
    , contributor
    Comments (1248) | Send Message
     
    @portatopia What I'm saying is our patent system is so broken that the system offers absolutely no protection aside from what amounts to trivial renumeration.

     

    Apple didn't want $880million from Samsung, they wanted Samsung to stop cranking out clone-phones. The time when that was relevant was 3 years ago when it was happening.

     

    Now? It's meaningless. It's not helping Apple, nor particularly injurious to Samsung. It's just part of Samsung's cost of doing business.

     

    I don't disagree with you, I just find the lawsuit to be little more than an enormous distraction since it has so little impact on either company or the industry.
    23 Nov 2013, 12:12 AM Reply Like
  • trollipop
    , contributor
    Comments (30) | Send Message
     
    Hmmm... Seems like a good way to abuse the system. Copy from Apple, make billions, get sued and pay a small fine. I'm pretty sure this is not going to stop anyone from copying Apple. It may even embolden them to do so even more. So worth it!
    21 Nov 2013, 03:57 PM Reply Like
  • Say it ain't So!
    , contributor
    Comments (2) | Send Message
     
    So True... The same can be said for our Banks, abuse the system anyway you can and then negotiate with the government pocket change penalties... so frustrating.
    21 Nov 2013, 08:02 PM Reply Like
  • Jiaberg-Sydney-OZ
    , contributor
    Comments (156) | Send Message
     
    If reported in Steve Jobs biography is correct that Eric Schmidt (Google) was offering Steve Jobs-Apple $5bn for Android copying Apple iOS, the $5b would have been better. Better still, added license fee per Android device sale would be great too...
    21 Nov 2013, 03:58 PM Reply Like
  • f16flyer1983
    , contributor
    Comments (151) | Send Message
     
    $290 million is a petty cash fund for Apple and donut money for Samsung.

     

    To quote Cosmo Kramer...."they'll just WRITE it OFFFFFFF".
    21 Nov 2013, 04:00 PM Reply Like
  • Book value
    , contributor
    Comments (72) | Send Message
     
    Yeah, only about $0.30 "extra" per share. Better than nothing but not much to cheer about I think.
    21 Nov 2013, 04:57 PM Reply Like
  • Hope128
    , contributor
    Comments (111) | Send Message
     
    It's not about the amount, it is the win of principles. Let's grab momentum, and start the train...
    21 Nov 2013, 04:10 PM Reply Like
  • Blood_Smoke
    , contributor
    Comments (55) | Send Message
     
    lol, the market doesn't care about principles, how can it when it has none of its own. It will take more than principles to move a 470 billion dollar train....
    21 Nov 2013, 04:39 PM Reply Like
  • Piero A.
    , contributor
    Comments (336) | Send Message
     
    290 million is an insignificant amount of money for Apple. It probably represents less than 0.50 days of revenues in the current quarter and about 2 days of profit. There is no principal win either. It cost Samsung less than 1 billion to copy and generate over 10 times that in profit. They will do it again and again. Where is the punitive damage? A win for Samsung. I am long Apple.
    21 Nov 2013, 04:59 PM Reply Like
  • rocback
    , contributor
    Comments (990) | Send Message
     
    that brings the total to $888 million plus interest from the date suit was filed.
    21 Nov 2013, 07:30 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5397) | Send Message
     
    Will Samsung appeal?
    21 Nov 2013, 05:44 PM Reply Like
  • scott trader
    , contributor
    Comments (4770) | Send Message
     
    And Lucy will reduce the fine again...at least Samsung attnys had to travel to Cupertino
    22 Nov 2013, 12:41 AM Reply Like
  • ystock15
    , contributor
    Comments (169) | Send Message
     
    Let Apple buy Samsung and dominate entire industry. I am long APPL
    21 Nov 2013, 05:48 PM Reply Like
  • Adam Mitt
    , contributor
    Comments (5) | Send Message
     
    This will have little to no effect on AAPL. Need to buy back stock now.
    21 Nov 2013, 06:33 PM Reply Like
  • calikym
    , contributor
    Comments (226) | Send Message
     
    Imagine the legal fees! The attorneys made out like bandits. $ca-ching$
    21 Nov 2013, 09:23 PM Reply Like
  • zippero
    , contributor
    Comments (297) | Send Message
     
    With the ruling in place, Judge Koh can go ahead and issue an import ban on top of the $930 mil. damages award, as the appeals court directed her, which sets an important precedent for the upcoming case in March affecting Samsung's Galaxy S3 and S4. Courts are now only a year behind the newer phone releases, and Americans on juries don't like seeing US inventions stolen by Koreans. The noose gets tighter. Samsung is not even doing well in its home country anymore, and losing the US market over the next few years, along with Chinese competition at the low end, will force Samsung to return to its roots as a low-margin components maker for Apple.
    22 Nov 2013, 02:46 AM Reply Like
  • zippero
    , contributor
    Comments (297) | Send Message
     
    bababooey!
    8 Aug, 09:01 PM Reply Like
  • Warren Buffet007
    , contributor
    Comments (953) | Send Message
     
    Now miss the comment by Mr Blair!.
    22 Nov 2013, 02:46 AM Reply Like
  • u01bsb0
    , contributor
    Comments (631) | Send Message
     
    Its still a loss for Apple, the lost revenue by Samsung copying their patents and selling handsets is probably far greater than the sums received.
    22 Nov 2013, 06:34 AM Reply Like
  • Warren Buffet007
    , contributor
    Comments (953) | Send Message
     
    Yes Apple is a very bad company, not make money nothing next year probably bankrupt, sell all your shares asap.
    22 Nov 2013, 10:43 AM Reply Like
  • chadm
    , contributor
    Comments (35) | Send Message
     
    no, bandits can only dream of being such good thieves.

     

    "The attorney's made out like lawyers."
    22 Nov 2013, 11:37 AM Reply Like
  • Warren Buffet007
    , contributor
    Comments (953) | Send Message
     
    Something strange happens with APPLE Shares, there are good news on behind of another,the last one has won a dispute over patent and receives $ 300,000,000, - million and what makes the Shares he fall 1%!.
    I'm sure this happen with another company, he would have risen by 5% doesn't matter he is bankruptcy!.
    I thing someone is interesting to keep the share price low!.
    24 Nov 2013, 02:24 PM Reply Like
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