Tag: Samsung Electronics Co Ltd

  • Apple Inc. (NASDAQ:AAPL) and Samsung Will Once Again Face Court Trail

    Apple Inc. (NASDAQ:AAPL) and Samsung Will Once Again Face Court Trail

    This week Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co., Ltd. (KRX:005930) will enter into new round of legal struggle that has started from Tuesday. In the recent trail the selected Jury will determine whether Samsung has paid its damages to Apple following the loss of patent infringement trial by South Korean electronics giant against US smartphone giant in California last year.

    According to 2012 settlement by two companies, the Koran company has pay $1 billion to US company. Though, the judge in the case lessens the fine to $600 million, declaring that it was unsure how the jury makes the decision at the original $1 billion amount.

    The Federal District Court’s Judge Lucy Koh, for Northern California then mad his verdict that a fresh trial be conducted to decide whether the Korean company should also have to pay some amount, if not all or approximately more of the $450 million that was pull out of the original agreement.

    The case is regarding 13 Samsung products ad approximately five patents, one of the patents also include the design face of a smartphone device, however the products entail its Galaxy Tab tablet gadget and fascinate smartphone.

    The current trail is expected to last approximately one week. The case simultaneously started on the similar day the US smartphone firm put its latest iPad mini with Retina display on sale for customers.

    The US smartphone company’s iPad Mini will available at various stores with a tag price of $399 in the US. The company this version of smartphone is lighter and thinner previous version of its previous model. While the company on October 23 has put its   “iPad Air” on sale, and said iPad Mini will go on sale in November.

    The company latest iPad Mini, will available in two colors has space gray and silver, as well as a A7 chip and a higher resolution screen, that is also contain in its the new iPhone 5S and in iPad Air. Apple Inc.(NASDAQ:AAPL) share rose 0.19% to $520.01 in last trading session.