Samsung owes Apple a LOT of Money

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If you think that Apple is too pricey for charging $1000 for a bottom line laptop, get a load of this.

After a long, heated dispute on patent infringements that took a staggering 21 hours in court, Apple’s bill for Samsung comes out to $1.049 BILLION dollars.

To put that in perspective, the US treasury’s cash balance is around 75 billion. Samsung owes Apple around 1.4% of the worth of the US treasury.

But what for? I could go through the entire list, but it basically comes down to Apple’s design patents from device exteriors to the packaging of a plethora of Samsung’s products.

For the 21.5 hour period, the jury was deciding on some “inconsistencies” on two of the products: The LTE-enabled Galaxy Tab 10.1 and the Samsung Intercept. It was decided that Samsung would owe around $200,000 for the Tab, even though nobody formally noted any patent infringements.

About the Samsung Intercept, Samsung made some stupid error that isn’t really important enough to mention and they owe an extra $2,000,000 for that.

So finally, the long tale comes to an end, with an unfortunately typical ending: Money —–> Apple.