Samsung Will Have to Pay Over Half Billion Dollars to Apple
- Tweet
Send to Kindle
Digital Trends
South Korean giant Samsung must pay a $ 533m fine to its US rival Apple for copying the iPhone design. This was decided by a US court on the second instance after Apple won first in 2011 and then Samsung was ordered to pay a $ 400 million fine.
Three Apple patents related to the iPhone design are touched, according to BGS.
The South Korean company appealed, and so it came to a second case. At this second trial, Apple demanded a colossal amount of just over a billion dollars, but Samsung was willing to agree to indemnify its rival with just $ 28 million.
Samsung is no longer selling the controversial iPhone model but will have to give another $ 5 million to use the iPhone features.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria has Managed to Reduce Gas Demand by a record 24%
- » Bulgaria: Revenue Growth of nearly 13%
- » Vestbee launches New Program to Support Cleantech Startups
- » Bulgarian Finance Minister: Next Year the Minimum Wage should become BGN 940
- » Trump: I will be Arrested on Tuesday! Go out to Protest!
- » Despite the High Prices of Eggs in Bulgaria - They are Still the Cheapest in the EU
