Yes, but would this be painful for Samsung? Is $1 Billion a huge loss? Will this change Samsung (other than infringing patents) in any way? Will they go back to QWERTY?It was the award based on the profit earned for the sale of devices that infringed on Apple's patents. Some claim it was the revenue that Apple would have earned from licensing those patents, but I would not see it as a punishment in either case - more like restitution.
Agree, it's not about money; Apple has enough and they also will not have an interests that Samsung get in trouble. Still a big supplier.It isn't about money.
Its not about money. There is a fundamental difference in cultures. Many Americans think the USA is all that matters, and in turn miss out on the rich diversity that exists around the globe.So Samsung won't learn their lesson. Apple should have demanded for $50 Billion.
What has global diversity have to do with any of this?Its not about money. There is a fundamental difference in cultures. Many Americans think the USA is all that matters, and in turn miss out on the rich diversity that exists around the globe.
As of 2011 Samsung had $384 billion in assets. The only thing it's going to hurt is their ego.Apple won $1.05 billion from the Samsung lawsuit. Was it even a huge disaster for Samsung? Would it cause huge damages or is it just a pinch?
And for Apple, is this a massive increase?
will this be a massive increase for Apple? no. they do between $30 - $40 bn a quarter. if Samsung does payout the full $1bn, it'll get reported on their Income Statement as unexpected earnings (or something similar)... it won't impact net sales but it'll give their net income and cash flow a little boost.Its not about money. There is a fundamental difference in cultures. Many Americans think the USA is all that matters, and in turn miss out on the rich diversity that exists around the globe.
at the same time Apple is looking worse and worse as a company as well. They are being view as the worlds largest patent troll by more and more people.Injunctions. Workarounds. Tarnished image. The potential damage to Samsung's most successful platform at the moment.
The outcome goes way beyond the fine.
Samsung can afford it. Last quarter's profits were almost $6 billion.Apple won $1.05 billion from the Samsung lawsuit. Was it even a huge disaster for Samsung?
$1 billion award, minus 10%-20% for the lawyers, minus 30%-40% taxes (I don't think Apple can shift this money overseas) = $400 to $600 million for Apple, perhaps.And for Apple, is this a massive increase?
Since the jury found the copying by Samsung 'Willful' the Federal Judge can triple the damages...so Samsung could be on the line for up to $3 Billion. The Federal Judge will decide next week.Samsung can afford it. Last quarter's profits were almost $6 billion.
It works out to be $40-$50 per infringing phone, which is a lot. Although less than half of what Apple had wanted, it's still more than even Apple had valued their patent licenses.
well remember this case is going to be appealed and there are multiple issues on it that handed Samsung an appeal on a silver platter.Since the jury found the copying by Samsung 'Willful' the Federal Judge can triple the damages...so Samsung could be on the line for up to $3 Billion. The Federal Judge will decide next week.
Just curious, how did you come up with $40-50 per phone? There are about 25 phone involved.
Of course it will hurt Samsung's image/PR and $$. Even if the $$ amount is the same as one month Samsug profits...would you like to pay 1 months take home pay to someone?
And then Samsung will have to change some software, or license it from Apple and also there is HTC, and other Android manufacturers to deal with, for Apple's benefit.
BECAUSE, one of the most important results of the trail is that Apple's patents were held to be VALID. So this is bigger than just $$.
BTW, of the 300 page questions that the jurors had to answer...they had to be unanimous, that is 9-0 in each question. That is a big hurdle and very firm.
Regarding the Galaxy S3, it wasn't in the trail, but it will be affected in the future, unless Samsung pays license fees or removes the features. See below the detail results for each phone reviewed by the jury.
But yes, in some ways this has always been Samsung game plan, as with all developing countries or companies.
1.Ignore Patent issues, do what you want, knowing that it will be years before it catches up with you.
2. Build your reputation by copying, get your foot in the door, and pay the fines, if any, later.
3. The result is that you're copying a winning product, produce your own, and build your business, because you know the legal process is very slow.
Samsung did the same to Sony in Japan, years ago. That is the kind of company it is....
BTW, here is the jury make up:
With regard to their occupations, there's a bike-shop manager, an electrical engineer, a municipal worker, a human-resources consultant, a sales and marketing executive, a social worker, and a network-operations employee.
One man told the judge that he has experience testing the quality of lunch boxes. Two of the jury members are unemployed.