Recently filed court documents on the ongoing patent dispute between Samsung and Apple, reveal that Apple is seeking $2.5 Billion to compensate for Samsung's infringement.
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.
Since Apple can't take both royalties and profits on one single device, its two billion dollar claim is now "design infringement," meaning that Apple can seek both lost profits of its own and unfairly earned profits by Samsung on those devices.
CEO Tim Cook has already stated how he hates most litigation and would love to settle. He was in talks with the CEO as of May, but that did not seem to yield progress.
Read More via MacRumors
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.
Since Apple can't take both royalties and profits on one single device, its two billion dollar claim is now "design infringement," meaning that Apple can seek both lost profits of its own and unfairly earned profits by Samsung on those devices.
CEO Tim Cook has already stated how he hates most litigation and would love to settle. He was in talks with the CEO as of May, but that did not seem to yield progress.
Read More via MacRumors