Apple’s share price: $290 million in damages from Samsung

on Nov 22, 2013
Updated: Oct 21, 2019
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iNVEZZ.com Friday, November 22: Samsung (KRX:005930) yesterday was ordered by a California Jury to pay $290 million (₤179 million) more to Apple

Apple (NASDAQ:AAPL) for infringing patents belonging to its US rival. Shares in Apple edged up by $0.86 or 0.17 percent to $522.00 in afterhours trading, while Samsung’s shares were trading flat at 1,440,000 Korean won in today’s trading session.
Trade these shares now through Hargreaves Lansdown from £5.95 per deal.
The jury verdict follows a retrial ordered by US District Judge Lucy Koh, who decided at the beginning of the year, that the $1.05 billion (₤649 million) in damages awarded to Apple in a previous trial were partly miscalculated.

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Apple said in a statement: “For Apple, this case has always been about more than patents and money. 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.”
Apple sought an additional $379.8 million (₤235 million) for the patent infringements, while Samsung argued that it should pay $52.7 million (₤32.5 million). The $290 million (₤179 million) figure comes on top of the $550 million (₤340 million) Samsung owes Apple as a result of the initial verdict. In total, Apple has now been awarded close to $930 million (₤574 million) in the case.

Samsung made two attempts this week to stop the trial. On Tuesday, it called for a mistrial after finding some of Apple lawyer Harold McElhinny’s comments racist. On the next day the South Korean tech giant once again attempted to halt the process after the US Patent and Trademark Office said an Apple patent important to the damages case might not be valid.

According to experts, Apple and Samsung are dominating the field of mobile devices and have so many patents between them that there is no end to their battle in sight. An even bigger trial is scheduled for March 2014, when Apple will argue that Samsung’s existing products infringe its patents. The iPhone and iPad maker has also asked Judge Koh to consider a sales ban against all of the older Samsung models that used Apple’s technology.

**Apple applies for five patents tied to Liquidmetal**
The US Patent and Trademark Office yesterday published five patent applications Apple has filed on the process by which it would use Liquidmetal to build its new products. While the patents are heavily technical, discussing the process of using the technology, they suggest that Apple is at least considering incorporating Liquidmetal in its iPhones and iPads.
It has been rumoured for quite some time that Liquidmetal will be used in Apple’s products. The technology is a special metallic glass that could become commonplace in next-generation products.
**As of 05.40 UTC buy Apple shares at $522.40.**
**As of 05.40 UTC sell Apple shares at $521.60.**
**As of 05.40 UTC buy Samsung shares at $681.50.**
**As of 05.40 UTC sell Samsung shares at $681.00.**
Trade these shares now through Hargreaves Lansdown from £5.95 per deal.
Prices can go up and down meaning you can get back less than you invest. This is not advice. Dealing services provided by Hargreaves Lansdown.
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