Wednesday, July 25, 2012

Who is worthy of a $2.5 BILLION lawsuit from apple?

Samsung is the answer to this question.

But how much intellectual property theft must go one to rack up two and half billion bucks of damages?

Samsung is the largest manufacturer of smart phones on the planet... So I would imagine it wouldn't take long to rack up a pretty big law suit, pretty quick.

Apple claims that some of the technologies/features of the 'galaxy' series of phones and tablets are out right copies of the iPhone & iPad! Everything from the packaging, to the the rounded corners, to the 'black-space' between screen and edge of device, to the "small square app icons", even on down to the packaging itself.

Apple says that they have lost out on five hundred million dollars worth of sales. They also feel that they are owed twenty five million for royalty damages. Oh ya and let's not forget the "Samsung was unjustly 'enriched' a whopping two billion dollars..." cherry on top!

This is of course is only a drop in the bucket for Samsung, the Korean company that was started in the 30's, has it's hands in everything from electronics to engineering/construction, who in 2010 laid out a 10 year growth plan based around five businesses, one being a biopharmaceuticals company with which Samsung has set aside... 2.1 trillion bucks. Just that ".1"... is one hundred billion dollars.

2.5 billion may sound like a lot, but when you step back and look at how much money is in the world, and how much money these business wield... It's really nothing, almost inconsequential. Samsung as a company, is the 35th largest economy in the world? Samsung makes more money then entire countries gross in a year!

I wonder where apple and microsoft sit on that list?
I know California is the 8th largest economy in the world. Wow is right.


Read the original article here

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