Tech Giant Apple Inc. (NASDAQ:AAPL) has won a small victory, in its latest patent dispute with Samsung Electronics, but on the broader prospect it failed in its attempt to slow the pace of its competitor company.
In the ruling of Friday, a federal-court jury passed a verdict that Samsung Electronics has infringed on two of the Apple Inc. (NASDAQ:AAPL)’s software patents, but it didn’t invade on two others. The same court with the same judge had earlier ruled that Samsung Electronics has infringed on a 5th patent.
The jury ordered Samsung to pay Apple $119.6 million in damages, far short of the $2.2 billion Apple had been seeking, and less than the $930 million Apple was awarded in an earlier trial in the same courtroom.
On Friday, the same court has also ordered that Apple Inc. (NASDAQ:AAPL) infringed on one of the Samsung Electronics’ patent, and awarded it $158,400 in damages.
According to one legal analyst, who is an assistant professor at Santa Clara University School of Law, Brian Love said that the verdict is actually victory for Samsung. “This amount is less than 10% of the amount Apple requested and probably doesn’t surpass by too much the amount Apple spent litigating this case,”
“Apple launched this litigation campaign years ago with aspirations of slowing the meteoric rise of Android phone manufacturers. It has so far failed to do so, and this case won’t get it any closer.”
Apple Inc. (NASDAQ:AAPL) shares after opening at $592.34 moved to $594.20 on last trade day and at the end of the day closed at $592.58 . Company price to sales ratio in past twelve months was calculated as 2.90 and price to cash ratio as 12.34. Apple Inc. (NASDAQ:AAPL) showed a positive weekly performance of 3.61%.
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