By – Saad Khan
A jury has ruled that Samsung violated a number of Apple patents related to its mobile devices, and must pay $1.05 billion in damages.
Samsung has been found guilty of infringing upon many of Apple’s patents related to its mobile devices. Samsung will be forced to pay Apple a total of $1,049,343,540 in damages. The amount is less than the $2.5 billion Apple requested.
Apple did not win everything — but it won big. This case will have consequences for both the consumer electronics market, as well as the patent system itself, for years to come.
For a little context, however, the damages to be paid by Samsung equal about 0.0725 percent of its 2011 revenue (of about $145 billion). So while a billion seems like a lot of money, this isn’t going to put Samsung out of business.
Still, the consequences of this case are sure to reach far and wide across the consumer technology industry.
Samsung also filed suit against Apple, but the jury ruled that Apple had not violated any of Samsung’s patents. Apple was not able to prove that Samsung’s patents were invalid. But Apple will not have to pay Samsung any damages.