Samsung Will Have to Pay Over Half Billion Dollars to Apple

Business | May 25, 2018, Friday // 10:00
Bulgaria: Samsung Will Have to Pay Over Half Billion Dollars to Apple 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 can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Apple, Samsung

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria