Apple vs. Samsung
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.
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