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Samsung witnesses accuse Apple of overstating damages

Apple accused of overstating damages incurred by Samsung patent infringement

| Business, Financial & Legal News | Posted: Aug 17, 2012 6:32 pm

As the Apple v Samsung legal battle draws to a close, a financial expert has said that Apple overstated Samsung's profit margins on smartphones which resulted in a highly inflated damages estimate. Not only has Samsung refuted Apple's case, but they have also gone on the offensive and claimed they should be paid $422 million in damages.

 

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These damages are due to iPhone and iPad infringement on a couple of Samsung's patents. Michael Wagner is an accountant who testified on Samsung's behalf. He said that Samsung US profits from tablets and smartphones should be calculated at only $519 million. This is opposed to Apple's witness who claimed Samsung's profit margin was around 35.5 percent from mid-2010 on.

 

Samsung's claim for damages seems to be a much more realistic and reasonable number. Take for example their claim of $22.8 million for 'seamlessly emailing a photograph.' Their reasoning for this small amount is that "they're one of many features on the phone." A financial expert for Samsung has said that the wireless patents infringed upon are worth up to $399 million. With these two numbers, Samsung arrived at its figure of $422 million.

NEWS SOURCES:Kitguru.net

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