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  • Apr 23, 2014
  • $2 bn for Apple patents is too much: Samsung

    Samsung Electronics Co says Apple Inc's patent-infringement claims of $2.19 billion are 57 times higher than what the Galaxy maker should pay if a jury finds it infringed smartphone technology.Samsung called on a Yale University business school professor on Monday to make its case to a federal jury in San Jose, California, that if it has to pay anything, the amount should be as little as 35 cents a phone - a stark comparison to Apple's demand for more than $40 a phone. The Suwon, South Korea-based company also began its own court offensive on Monday, accusing Apple of infringing two of its patents.

    Source - http://www.business-standard.com