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Samsung blasts Apple verdict, says 'not final word'

Samsung said Friday the massive patent decision by a US jury in favor of Apple was a "loss for the American consumer", and the verdict was "not the final word in this case."

Updated on: Aug 25, 2012, 12:41:31 IST
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Samsung said Friday the massive patent decision by a US jury in favor of Apple was a "loss for the American consumer", and the verdict was "not the final word in this case."

HT Image
HT Image

"Today's verdict should not be viewed as a win for Apple, but as a loss for the American consumer," the South Korean electronics firm said after news of the $1 billion patent infringement award by a California jury.

"It will lead to fewer choices, less innovation, and potentially higher prices. It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies."

News reports from the courtroom said Apple was awarded $1.05 billion for infringement of patents for its iconic iPhone and iPad and that Samsung's counterclaims of infringement of wireless patents were rejected.

Samsung said, "Consumers have the right to choices, and they know what they are buying when they purchase Samsung products. This is not the final word in this case or in battles being waged in courts and tribunals around the world, some of which have already rejected many of Apple's claims."

 
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Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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