Jury rules in favor of Apple in lawsuit against Samsung, $1 billion in damages

The nine-person jury in the Apple versus Samsung lawsuit came to a verdict today that Samsung infringed upon Apple patents. The jury says that Samsung infringed upon a total of six Apple patents, five of which were willfully infringed upon. As a result, the court has ordered Samsung to pay $1.051 billion to Apple for damages.

According to The Verge, a hearing will be held on September 20 to decide which Samsung smartphones will receive preliminary injunctions. Apple must submit its requests by August 29, and Samsung has two weeks to respond.

In after hours trading, Apple’s stock reached a new all-time high of around $675, upб═$11.73 per share.

Samsung is expected to appeal the court’s decision.

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  1. [...] a list of Samsung smartphones that Apple is looking to ban in the United States following its victory in court late last week. The smartphones in question are listed below, and the Galaxy S 4G has been [...]

  2. [...] week ago, a judge ruled that Samsung infringed upon Apple-owned patents and ordered the company to pay $1.051 billion in [...]