The much publicized Apple Inc. (NASDAQ:AAPL) vs. Samsung Electronics Co., Ltd. (KRX:005930) lawsuit, in San Jose, California is over! USAToday.com reports that the federal jury who has been overseeing the case has come to a verdict, and the attorneys from both sides are on their way to the courtroom to hear it now.
This case could be a make it or break it moment for Samsung Electronics Co., Ltd. (KRX:005930), as it has been sued for $2.5 billion in damages by its arch rival, Apple Inc. (NASDAQ:AAPL). The suit stems from Samsung Electronics Co., Ltd. (KRX:005930) allegedly copying patented designs of the iPhone and iPad devices offered byApple Inc. (NASDAQ:AAPL), and is one of many currently being waged in courtrooms around the world by the two giants in the mobile industry.
There's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More
At the current time, Apple is dominating the market in tablet computer sales, while Samsung just recently took the lead in smartphone sales, due to a slow quarter for Apple. Most analysts agree that much of the slowdown was caused by consumer anticipation of the new iPhone 5, which should be released sometime in September by Apple.
The verdict of the jury is possibly one of the most important milestones in the ongoing rivalry of the two companies, as Apple seeks to have Samsung’s products removed from select markets until the designs can be less like those of Apple products. Samsung has counter sued Apple in the case, claiming they too have copied patented products.
We will keep you updated as new information comes in on this story.