Apple Wants $1 bn From Samsung at phone Retrial

according to Apple Inc. is seeking about $1 bn from Samsung Electronics Co. in another go-round stemming from a long-running phone patent-infringement dispute. Their sole job, Apple lawyer Bill Lee said, is to set what damages Apple could collect. Samsung made $3.3 bn in income and $1 bn in profit from millions of phones which infringed Apple's 3 design patents, Lee said. That's apart from profits Samsung made from infringing 2 of Apple's utility patents, Lee said. A $1.05 bn jury verdict from 2012 has been whittled drop with a Former retrial in 2013, along with claims and adjustments.

Apple Wants Samsung to Pony Up $1 bn to Settle Patent Dispute

Apple Inc.'s (AAPL) patent lawsuit versus Samsung is entering its last phase, with the Cupertino-based firm seeking $1 bn in damages from its South Korean counterpart. Apple appeals which Samsung infringed on 3 of its patents, and is seeking damages equivalent to the profit it appeals Samsung made off of its design patents. Samsung has the unite states Supreme court of law on its side next a 2016 ruling governing how damages are calculated in patent infringement cases. TheStreet presents on May 22: "How to Stomach Market Volatility." Hosted with Fisher Investments, the exclusive live webinar going to give you the equipment to successfully navigate market volatility and argue why having a fortune manager is further critical than ever before.

Apple Wants $1 bn From Samsung

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collected by :Molly Tony