Tags: apple | samsung | damages | iphone

Apple Expert Estimates Samsung Damages at $2.5 Billion

Monday, 13 Aug 2012 02:21 PM

Samsung Electronics Co. would owe Apple Inc. $2.5 billion to $2.75 billion in damages for infringing the iPhone maker’s intellectual property, according to a witness in a dispute between the companies.

Terry Musika, a certified public accountant testifying Monday on Apple’s behalf in federal court in San Jose, California, said his estimate is based on Samsung’s sales of 22.7 million smartphones and tablet computers and revenue of $8.16 billion. The jury has yet to decide whether the patents and trademarks were infringed, which the expert assumed when making his estimate.

Apple, based in Cupertino, California, sued Suwon, South Korea-based Samsung in April 2011, accusing it of copying patented designs. The dispute is the first to go before a federal jury in a battle being waged on four continents for dominance in a smartphone market valued by Bloomberg Industries at $219.1 billion. The trial is in its third week.

The damages estimate is large “because we’re dealing with a large number of sales,” Musika said, citing sales data since the introduction of allegedly infringing Samsung Galaxy products in 2010.

Boris Teksler, Apple’s director of patent licensing and strategy, completed his testimony earlier today. He told the court that Apple had an “anti-cloning” agreement with Microsoft Corp.

Last week, Teksler said Apple made a presentation to Samsung executives in August 2010 intended to warn the company against copying the iPhone. By contrast, Apple and Redmond, Washington-based Microsoft cross-license each other’s patents, and the anti-cloning provisions are included “so we don’t copy each other’s products,” Teksler said.

The case is Apple Inc. v. Samsung Electronics Co. Ltd., 11- cv-01846, U.S. District Court, Northern District of California (San Jose).

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
275
2012-21-13
Monday, 13 Aug 2012 02:21 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved