Clash of The Titans - Samsung to pay Apple additional $290 million

Apple vs Samsung

The lawsuit filed by Apple against Samsung doesn't seem to be coming anywhere near "ending" anytime soon. Matter of fact this banter has reached another level; The Korean giant Samsung has been ordered to pay $290 million for " infringing on patents", to Apple.

The lawsuit filed by Apple against Samsung doesn't seem to be coming anywhere near "ending" anytime soon. Matter of fact this banter has reached another level; The Korean giant Samsung has been ordered to pay $290 million for “infringing on patents", to Apple. 

Its no longer news that the court found Samsung guilty on counts of infringements on Apple's patents for which Samsung was naturally to cough out a whopping $1 billion as fine. However, this was reduced to $599 million after reconsideration. Just recently, the Korean giant now has to pay $290 million, (or $290,456,793) for infringing on additional Apple patents. Whew!

Steve Jobs Apple had demanded a $380 million fine. Some quarters are of the opinion that Samsung should probably throw a party because the court didn't agree to that. Samsung had only estimated a $52 million, not the whopping $290 million amount apple slammed on them. The final amount now stands at just under $890 million for Samsung. At the moment even though it appears Samsung is churning out more devices, and hence making more money things aren't too good for them.

On the issue both companies had something important to stress.

Apple says:
"For Apple, this case has always been about more than patents and money. It has been about innovation and the hard work that goes into inventing products that people love. While it's impossible to put a price tag on those values, we are grateful to the jury for showing Samsung that copying has a cost."

...while Samsung had this to say:

"We are disappointed by today's decision, which is based in large part on a patent that the US Patent and Trademark Office has recently deemed invalid. While we move forward with our post-trial motions and appeals, we will continue to innovate with groundbreaking technologies and great products that are loved by our many customers all around the world."

Lets all keep our fingers crossed!