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Apple claimed in a sweeping lawsuit that Samsung’s smartphones and computer tablets “slavishly copied” the iPhones and iPads. Samsung countered with its own claims that Apple used its wireless technology without proper compensation. Etch-a-Sketch should be in a great position to sue Apple and Samsung as the original tablet maker after the 10 commandments were written in stone.
A nine-person jury in its verdict last week unanimously agreed with Apple and ordered Samsung to pay $1 billion. Most of the damages were tied to Samsung’s smartphones. It rejected Samsung’s counterclaims.
The award represents about 1.5% of Samsung’s annual revenue. Analysts said the embarrassment of the verdict is a bigger blow for Samsung than the financial setback.
Still, the question remains whether Samsung and other Apple competitors will have to redesign their smartphones to avoid infringing Apple’s patents. Most analysts agree the verdict sends a threatening message to device makers like Samsung who use Google’s Android operating system.
Gerald Trites has technology and information technology down to a science. Trites with practical years of knowledge behind him he continues to explain and explore all things computer related. Gerald has a lot of experience and while in his pursuit to author important e-commerce related information, collateral and books he has some time to carefully explain new and important concepts to MONEY readers, followers and subscribers.
Gerald Trites is interested in learning, sharing and continuously growing and recommends the same to all others. Gerald is a positive influence to MONEY.CA and so he was asked to teach by example and author as a “You and Your Money” financial writer for his favorite subject material of “technology”. This technical-genius has made his authoring skills and his expert in subject matter available to tell the continuing story and evolution of Internet and computer products, services and applications. Thursday is Gerald Trites Day each and every Thursday one of the smartest, experienced computer geeks and Internet aficionado tells the rest of us in laymen terms what is happening fast and furiously in the computer age. Gerald is senior editor The MONEY Networks latest site and collaboration www.newproductlaunch.ca – coming soon to Technology Thursday on MONEY.CA
Gerald Trites – Me and My Money – Technology Thursday
Apple is the biggest company in the world now trumping a record set in 1999 by Microsoft – Apple has surpassed and and all expectations to reach a capitalization of over 620 billion.
Apple has the support of the people and shareholders and set to reach even greater heights with new product launches coming up and a sharp focus on innovation to now maintain and grow this self-perpetuating money making machine.
Apple stock hit new highs and jumped 2.7% on optimism surrounding the impending launch of the iPhone 5 and a better small and cheaper iPad in time for Christmas.
Microsoft would still hold the record if the numbers were adjusted for inflation.
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