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Apple wins $1bn in damages from Samsung in patent litigation
The Apple v. Samsung dingdong finally concluded on the side of the Cupertino, Calif.-based technology giant, leading to a catastrophic $1 billion in damages heading Apple's way out of Samsung's coffers. It was an embarrassing loss for Samsung after a U.S. court determined that the Korean technology giant had copied the iPad's design.
Despite Apple losing in some jurisdictions around the world, ultimately the only one that really mattered was the U.S. case. Apple could still seek even more damages from Samsung. But $1 billion may dent the company's finances mildly -- Samsung's operating profit for Q3 was $7.3 billion alone -- the embarrassment of losing such a high profile case will live on for some years to come.