Apple Wants A $2.5 Billion Payout from Samsung

Yes I know what you’re thinking, “oh great, another Apple / Samsung story.” You couldn’t be more correct. This time Apple is suing Samsung for $2.5 billion in the ongoing patent battle between the two tech giants…

Discovered by FOSS Patents, the court filings reveal Apple’s plans to sue over Samsung’s alleged infringement on several Apple patents.

According to the court file:

Samsung has reaped billions of dollars in profits and caused Apple to lose hundreds of millions of dollars through its violation of Apple’s intellectual property. Apple conservatively estimates that as of March 31, 2012, Samsung has been unjustly enriched by about [redacted; presumably $2 billion] and has additionally cost Apple about $500 million in lost profits. Apple also conservatively estimates that it is entitled to over $25 million in reasonable royalty damages on the proportionately small set of remaining sales for which it cannot obtain an award of Samsung’s profits or Apple’s own lost profits, for a combined total of $2.525 billion.

Foss Patents also notes that the courts will not allow Apple to collect royalties and profits from any single device, but this filing actually attacks the amount related to design infringement. This would allow Apple to collect for losses and unfair earning on those devices.

Apple came to this conclusion on figure estimates:

These are the per-unit royalties that Apple calculated for its different intellectual property rights-in-suit:

– $2.02 for the “overscroll bounce” (or “rubber-banding”) ‘318 patent
– $3.10 for the “scrolling API” ‘915 patent
– $2.02 for the “tap to zoom and navigate” ‘163 patent
– $24 for use of any of Apple’s design patents or trade dress rights

Pretty stiff numbers right? Looks like Apple isn’t joking around. The funny thing is, Apple doesnt even need this money so why ask for so much?

Do you think it’s fair to teach Samsung a lesson?

Source: MacRumors via FOSS Patents

Share this Story

Related Posts

Comments are closed.

Join Our Mailing List

Email Format

Free iTunes Gift Cards!

Find us on Google Plus