Apple May Owe Samsung $422 Million Royalties, Witnesses Say |
| Bloomberg - Aug 16, 2012 |
Apple Inc. (AAPL) would owe as much as $421.8 million in royalties if found to infringe five Samsung Electronics Co. (005930) patents for mobile devices, two witnesses for the South Korean company testified.
One damages expert, Vincent O’Brien, told the jury today in the intellectual property trial between Apple and Samsung in federal court in San Jose, California, that he calculated royalties of $22.8 million based on claims that the iPhone maker copied three feature patents registered by Samsung.
A second expert, David Teece, testified that damages for two other Samsung patents should be in the range of $290 million to $399 million, based on royalty rates from 2 percent to 2.75 percent.
Apple sued Samsung in April 2011, accusing it of copying patented designs for mobile devices, and Suwon, South Korea- based Samsung countersued. The case is the first to go before a federal jury in a battle being waged on four continents for dominance in a smartphone market valued by Bloomberg Industries at $219.1 billion.
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- Posted: 2012-08-16 15:50:59
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