The Silicon Valley giant has asked the court of the United Stated another $180 million for the damages and interest by Samsung Electronics.
The ongoing battle between Apple, Inc. and Samsung Electronics has become furious as recently the Silicon Valley giant has asked a court in United States to be awarded $180 million for the ongoing litigation. According to the multinational technology corporation, the said amount has the total worth of the devices that the Korean giant sold which infringed patents.
On Wednesday, according to the court papers that were filed, the Korean tech organization owes Apple $180 million in supplemental damages as well as interest. Earlier this month, a decision was made in the court as per which, the Korean company was supposed to give $548 million in damages to the tech company. The new claim was followed by this judgment. On this decision, the South Korean smartphone manufacturer made an appeal to the Supreme Court of United States in hopes of reversing this claim.
The Galaxy manufacturer is evidently challenging the decision of the Court and is requesting it to revise the claims made by Apple, and check the specifications of the patents. Furthermore, it asked the court to review the process of accessing the damages as well.
This fight has been going on for a long time and ended in 2012, after the court made the final decision of announcing Samsung as the culprit, suggesting that it did infringed on a number of devices of the Californian technology business. For this complaint, the damages, which the Korean company was supposed to pay, were worth $1 billion that were later brought down to $548 million.
Both tech giants have been major competitors in the industry and have been constantly aiming at the top stop in the smartphone market. Even with all the competition, both companies support each other as well. For instance, Samsung, over the years, has provided Apple with a number of device components. Despite of being supportive to each other, in light of the recent events, it can be concluded that both companies have been falling apart more quickly than ever.
However, on the other hand, the current year has been a good year for the Californian organization as its revenues went up by 27% as of September. The profits of the smartphone business were up by 35% to $53.5 billion. The dividend also witnessed a hike and was seen at $1.98 per share indicating an increase of 9%.
As of December 23, 2015, Apple Stock was down by 2% but still holds a majority rating of “Buy” by analysts.
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