Apple shares news: Samsung ordered to pay $539 million in iPhone patent case

Apple shares closed higher Thursday but are higher after-hours as the tech giant has won $539 million in damages in a patent case between it and Samsung.

Apple shares news: Samsung ordered to pay $539 million in iPhone patent case

Apple shares closed lower in the US Thursday as a US supreme court orders Samsung to pay the US tech innovator $539 million in a patent case between the two firms. This is another part of a long-running case between the two tech giants.

Apple took Samsung to court for copying five patented elements of its iPhone. Apple was initially looking for damages of just over $1 billion.

Apple shares ended the US Thursday trading session 0.11% lower at $188.15. The stock is currently in the green in after-hours activity.

Partial win for Apple

This is the third trail for the same case and the court has confirmed that Samsung copied three iPhone design patents and two utility patents, when they created an updated smartphone after the first iPhone was released in 2007.

Apple began the case by was seeking $1.05 billion in damages for infringement by Samsung on the five patents. The first retrial reduced that amount to around $400 million. The third trial was required due to how the fines should be calculated.

The result is that the bulk of the fines are for the three design patents, with a much smaller amount being linked to the functionality infringements.

Apple said in a statement it was happy that the jurors “agree that Samsung should pay for copying our products.”

“We believe deeply in the value of design,” Apple added. “This case has always been about more than money.”

Final court case?

While the case has already been heard three times, that doesn’t mean its definitely completely over. Design patents are a touchy subject and there are many arguments for and against the practise.

Meanwhile, Samsung has said the final decision is at odds with the Supreme court ruling that agreed in its favour on how the damages were calculated.

“We will consider all options to obtain an outcome that does not hinder creativity and fair competition for all companies and consumers,” Samsung said in a statement.

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