|Bid||52,500.00 x 0|
|Ask||52,600.00 x 0|
|Day's Range||50,800.00 - 52,800.00|
|52 Week Range||44,220.00 - 57,520.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1,064.00 (2.12%)|
|1y Target Est||N/A|
Jurors in federal court in San Jose found Samsung must pay $539 million to Apple for copying patented smartphone features. Reuters reporter David Pollard has more.
A jury in San Jose, California decided Samsung owes Apple $539M for copying some iPhone designs and features to use in its own devices. Yahoo Finance’s Alexis Christoforous, Brittany Jones Cooper and Rick Newman discuss what this means for Samsung’s future.
A U.S. jury has said Samsung Electronics must pay $539 million to Apple for copying patented smartphone features. David Pollard reports.
May.25 -- Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies’ U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. Bloomberg's Peter Elstrom reports on "Bloomberg Markets: Asia."
The charge increases the amount Samsung had previously been ordered to pay by $140 million. Apple’s legal battle against Samsung dates back to 2011, when it first claimed Samsung had stolen key design elements for its cell phones. Apple had sought $1.05 billion, while Samsung argued the penalty should be capped at a mere $28 million — the amount of profits it said can be attributed to the products’ designs.
NVIDIA’s (NVDA) value-added GPU (graphics processing unit) platforms—Quadro for professional visualization, Tesla for data centers, GeForce for gaming, and DRIVE for automotive—are being adopted increasingly across different markets. It is these value-added platforms that allow NVIDIA to command a higher price for its GPUs.
U.S. stock futures turned mixed Friday, May 25, as investors were soothed by a measured response from Pyongyang following Donald Trump's cancellation of a planned June 12 summit with North Korea. Kim Kye Gwan, a top official at North Korea's Foreign Ministry, said his country "highly appreciated President Trump for having made the bold decision, which any other U.S. presidents dared not, and made efforts for such a crucial event as the summit," and suggested talks could still place. North Korea was still willing to sit for talks with the United States "at any time, (in) any format," said Kim Kye Gwan.
Apple has won a landmark case in the US against Samsung, after the US tech giant accused its Korean rival of copying patented smartphone features. Apple sued over Samsung's duplication of a handful of distinctive iPhone features for which Apple holds patents: the flat screen, the rounded rectangle shape of the phone, and the layout of icons on the screen. The two firms have been locked in battle since 2011, and Samsung was found liable for having copied Apple’s products in 2012 and ordered to pay $399m (£299m).
Samsung Electronics Co. took a gamble when it appealed a finding it infringed Apple Inc.’s smartphone design patents, and a friendly subsequent ruling from the U.S.’s highest court made it seem like the bet would pay off. Instead, Apple won an additional $140 million. The verdict was a retrial of damages, with jurors at the outset being told that that the South Korean company infringed three of Apple’s design patents -- covering the rounded corners of its iPhones, the rim that surrounds the front face, and the grid of icons that users view -- and two utility patents, which protect the way something works and is used.
Samsung Electronics Co. must pay Apple Inc. $539 million for infringing patents related to the iPhone’s design, a federal jury found Thursday, a new victory for Apple in a seven-year-old legal battle over the spoils of the smartphone market’s boom. The jury’s decision in the U.S. District Court in San Jose, Calif., increases the amount that Samsung previously was ordered to pay Apple for the patents under dispute from $399 million to $539 million. The bulk of the new damages award, $533.3 million, was for infringing three Apple design patents on the iPhone.
The world’s top smartphone rivals have been in court over patents since 2011, when Apple filed a lawsuit alleging Samsung’s smartphones and tablets “slavishly” copied its products. Samsung was found liable in a 2012 trial, but a disagreement over the amount to be paid led to the current retrial over damages where arguments ended on May 18. Samsung previously paid Apple $399 million to compensate Apple for infringement of some of the patents at issue in the case.