Just as the workweek came to a close on Friday, a jury delivered the much-anticipated verdict in the historic patent case between Apple Inc. and Samsung Electronics Co.
After less than three days of deliberations, the jury found that Samsung had infringed six of Apple’s patents by copying features of the company’s iPhone and iPad. The jury ordered the Korean company to pay California-based Apple $1.05 billion in damages, which is less than half of the $2.5 billion Apple was seeking but is still one of the largest intellectual property awards in history. What’s more, the jury found that Samsung willfully infringed five of Apple’s patents, which means Judge Lucy Koh, who oversaw the case, could triple Apple’s damages award.
Apple also requested injunctions against the sale of Samsung’s infringing products on Friday. A hearing regarding the injunctions will take place Sept. 20.
Not only does the verdict solidify Apple’s dominance in the smartphone and tablet market, but it also is a huge setback for Google Inc., whose Android software powers Samsung’s infringing products. The verdict also could help Apple pursue litigation against other companies that sell Android-based items, including Amazon Inc., HTC Corp. and Motorola.
According to Thomson Reuters, Apple shares climbed almost 2 percent on Friday to a record high of $675. The company also became the biggest company by market value in history last week.
Some experts note that the verdict will force Apple’s competitors to create more innovative, original products. Meanwhile, Samsung, not surprisingly, is deeply disappointed by its loss. “Today’s verdict should not be viewed as a win for Apple, but as a loss for the American consumer,” Samsung said in a statement. “It will lead to fewer choices, less innovation, and potentially higher prices. It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies.”
For more InsideCounsel coverage of the Apple-Samsung patent dispute, read: