Apple has finally released a monetary figure regarding what they firmly believe as Samsung’s debt to them regarding the latter’s alleged infringement of their patents. According to a published article by FOSS patents, Apple is seeking monetary payment from their main smartphone and tablet rival for what they firmly believe were patents that were illegally used by Samsung.
In the court filing that was reported by FOSS, it said that “Samsung once sold a range of phones and a tablet of its own design. Now Samsung’s mobile 13 devices not only look like Apple’s patented software features to interact with the user.”
“Samsung’s infringing sales have enabled Samsung to overtake Apple as the largest manufacturer of smartphones in the world. Samsung has reaped billions of dollars in profits and caused Apple to lose hundred of millions of dollars through its violation of Apple’s intellectual property.
Apple conservatively estimates that as of March 31, 2012, Samsung has been unjustly enriched by about [REDACTED] and has additionally cost Apple about $500 million in lost profits,” they added.
Apple is demanding $24 per device that they think infringed their patents. At the same time, Samsung fights back as they are asking a 2.4% royalty from Apple regarding the latter’s use of Samsung’s standard essential patents.
Many people are in debt, or are you? If you are I recommend you to get debt advice from https://debtadvisoryservice.co.uk/protected-trust-deeds.
Image Source: codenametech
