Apple Inc. (NASDAQ:AAPL) can rest easy now that they can seek over $1.05 billion in damages from Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930). The South Korean tech giant just confirmed the news. Although Judge Lucy Koh originally reduced the amount of damages Apple Inc. (NASDAQ:AAPL) would receive from Samsung, it looks like it could all work out in the end for the Cupertino tech company.
According to FOSS Patents, “Apple will still be able to demand far more than $450 million with respect to the 14 ‘vacated damages’ products. If the new jury doesn’t reevaluate liability, or if it does but arrives at a result materially consistent with the first jury’s findings, and if the new jury adopts Apple’s damages claims as the right number or alternatively decides to adopt a higher percentage (than the first jury’s 40%), then the total damages award could be substantially greater.”
In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More
The second trial will also boost more profits for Apple Inc. (NASDAQ:AAPL) as it covers a wider ground of Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) products including Galaxy Prevail, Gem, Indulge, Infuse 4G, Galaxy SII AT&T, Captivate, Continuum, Droid Charge, Epic 4G, Exhibit 4G, Galaxy Tab, Nexus S 4G, Replenish, and Transform.
Despite the trials and errors of the Samsung vs. Apple case, the latter has always been the clear winner. According to some market speculation, the only reason Samsung has been successful is by creating a near duplicate of Apple products. If Apple Inc. (NASDAQ:AAPL) gets the requested amount or more, Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) may start to show financial struggle.
It’s also important to note that Apple Inc. (NASDAQ:AAPL) could still lose and perhaps receive a much smaller sum than they initially wanted. The case between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) looks like it’s only going to get more intense as the months go by. It might make a lot more sense if both companies were willing to work out an agreement but it doesn’t look like that will happen.