"A new jury could theoretically even arrive at a higher number given that the first jury granted Apple only about 40% of what the court allowed it to present as a damages claim". Judges are gatekeepers with respect to what damages theories are presented to a jury, so Apple apparently had a plausible, defensible claim to a total of $2.5 billion. The jury sided with Apple on the vast majority of liability issues, but it didn't award Apple even half of what it legitimately asked for in damages."
The March 1 damages have shortened the product-specific periods of time in which Apple can seek new damages against Samsung basically. Apple could stand to not make back the 450 million dollars, yet they likely will. In fact, according to the article, its likely they will gain much more than the 450 million that they lost. I would not be surprised if they increase the damages to 700 million. That would make a damage verdict of 1.35 billion. While this is certainly a steep price to pay, Samsung clearly stole from Apple. Even more so, Samsung looks like its going to dominate the smartphone market in the near future.
While I think that a 1+ Billion damages verdict is fair in the case of Apple v Samsung, there should be limits when a large company is seeking damages against smaller companies. Do you agree? Let me know.
It is interesting to note the behind the scenes legal work that arises during patent lawsuits. This lawsuit has been fluctuating back and forth between Samsung for years and in my opinion, both parties are attempting to screw the opposing party, as opposed to attempting to settle.
ReplyDeleteIt seems as if a lot of these settlements are pretty arbitrary but I am sure there is some system within the courts.
ReplyDeleteNot to suggest $1 billion is "chump change," but I think this goes WAY beyond money. As recently as 2008, Apple controlled the entire smartphone market and similarly the tablet market when the iPad was introduced. Now that other competitors have emerged, particularly Samsung, Apple's market share has declined precipitously.
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