Samsung's Apple damages equivalent to 16 days' profit

The multimillion-dollar award is equal to several days' profit for each company

The US$930 million in damages Samsung was ordered to pay Apple last year for infringing its smartphone patents is more than some device makers earn in a year, but for Samsung it's equal to just over 16 days' worth of profit.

The Seoul-based company reported its financial results Friday and said quarterly operating profit from its IT and mobile communications division, which sells primarily phones and tablets, came to 5.47 trillion won (US$5.1 billion).

That works out to roughly $56.6 million per day, so the damages it was ordered to pay Apple in one of their California lawsuits amounts to just over two weeks of profit.

For Apple, it's not much different. The California company is due to report its earnings Monday, but based on its July-to-September quarter, the money it was awarded from Samsung is equivalent to eight days of company operating profit. (Unlike Samsung, Apple doesn't break out its profits from mobile.)

That might illustrate why the huge damages award hasn't stopped the two companies from continuing their court battle.

Apple is often credited with creating the modern smartphone market when it launched the iPhone in 2007. The handset is still the best-seller in many countries, but Samsung has become a more popular brand thanks to the multitude of phones it sells.

Apple cried foul in 2011, accusing Samsung of copying essential elements of its iPhone design, and filed its lawsuit. It was followed by a countersuit from Samsung and parallel lawsuits by both companies in the U.S. and elsewhere. Samsung appealed the California award.

The battle isn't over yet. The two companies will face off for a second lawsuit in California in late March, over patents on a different selection of phones.

Ahead of that case, an exasperated Judge Lucy Koh ordered the companies to sit down and see if they can work out their differences. They have until Feb. 19 to convene a meeting between the CEOs of both companies and a mediator to attempt to avoid a further trial.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags consumer electronicsintellectual propertysmartphonespatentSamsung ElectronicsCivil lawsuitsiPhonelegalAndroidApple

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?