Apple Seeks $2.5 Billion From Samsung Over Damages

Posted on Jul 24 2012 - 2:59pm by Editorial Staff

Biggie goes in a biggie way, sounds irrelevant but not in the case of Apple Vs Samsung ongoing patent wars. The latest glorious sound to like a step away from victory, the Cupertino-based giant asked Samsung to pay $2.5 billion (YES, the WHOOPING $2.5 billion) in damages to settle infringement claims in the US.

Talking about how Apple had calculated this sum: the largest part of Apple’s $2.5 billion claim, an amount of $2 billion, the company is asking for a disgorgement of Samsung’s total profits, the South-Korean giant made with products that infringed its design patents. Mueller providing further insight into Apple’s calculations:

Samsung adopted as its number one goal to [redacted]’ in the smartphone and tablet markets, and it chose to compete by copying Apple. Samsung’s infringing sales have enabled Samsung to overtake Apple as the largest manufacturer of smartphones in the world. Samsung has reaped billions of dollars in profits and caused Apple to lose hundreds of millions of dollars through its violation of Apple’s intellectual property. Apple conservatively estimates that as of March 31, 2012, Samsung has been unjustly enriched by about [redacted; presumably $2 billion] and has additionally cost Apple about $500 million in lost profits. Apple also conservatively estimates that it is entitled to over $25 million in reasonable royalty damages on the proportionately small set of remaining sales for which it cannot obtain an award of Samsung’s profits or Apple’s own lost profits, for a combined total of $2.525 billion.”

(Image Source: AllVoices)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.