Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as the iPhone and iPad. According to a partially redacted filing on Tuesday with a federal court in San Jose, California, Apple believes Samsung owes “substantial monetary damages” because the Korean company illegally “chose to compete by copying Apple.” Apple said this allowed Samsung to overtake it as the world’s largest maker of smartphones, and reap “billions of dollars in profits” while costing Apple $500 million of profit. Read the full story at Reuters.
Apple estimates $2.52 billion damages in Samsung battle
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).