A U.S. jury’s $1 billion verdict against Samsung for what rival Apple claimed was the illegal copying of its iPhone and iPad designs signals a turning point for the South Korean electronics giant.
Apple Inc. on Monday gave a federal judge a list of eight Samsung Electronics Co. products it wants pulled from shelves and banned from the U.S. market, including popular Galaxy model smartphones.
Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.
After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off the innovative technology used by Cupertino-based Apple to create its revolutionary iPhone and iPad.
Apple is demanding Samsung pay it $2.5 billion for allegedly stealing the design technology of the iPad and iPhone to create illegal knockoffs. Samsung counters that Apple stole its technology and is demanding $399 million.
After three weeks of listening to technology experts, patent professionals and company executives debate the complicated legal claims of Apple Corp. and Samsung Electronics Co., a jury of nine men and women are set to decide one of the biggest technology disputes in history.
A judge has denied Apple Inc.’s demands for an immediate victory in a multibillion patent trial as punishment for Samsung Electronics Inc.’s decision to issue a contentious press release on the first day of testimony.
An attorney for Apple told a jury Tuesday that bitter rival Samsung faced two options to compete in the booming cellphone market after Steve Jobs introduced the iPhone to critical acclaim in 2007: Innovate or copy.
Two tech titans were squaring off in federal court Monday in a closely watched trial over control of the U.S. smart phone and computer tablet markets.
Facebook and Yahoo have reached a deal that settles their patent squabbles and expands their licensing and advertising partnership.