The smartphone manufacturers, Apple and Samsung have been battling legal fights over patent. Last month, the court in the US announced Samsung guilty for infringing the patents of Apple. While announcing the verdict, the court asked Samsung to pay a penalty of $1 billion.
The final decision regarding the patent battle between Apple and Samsung is now to be taken by a nine-member California jury. The case, which has been continuing since the beginning of the month, has brought world’s renowned electronic manufacturers against one another.
As per decision ruled out by the jury, the companies may even have to pay compensation costing in billions of dollars.
Market and consumers are perfectly ready to get the whole insight into Samsung's performance of the last quarter by the end of this month but before that Samsung Electronics, the world's top maker of electronics i. e. mobile phones, memory chips, flat-screen panels and televisions, has planned to release guidance for its second-quarter results on Friday.
It has been revealed in a report recently that Samsung Electronics has achieved a big hit in its record quarterly profit.
As per the findings of the report, the company has earned a profit of $5.15 billion in the first quarter this year. It has been told by Samsung that the profits are being seen as a result of the successful sales of its smartphones. Also, the Galaxy Note 'phablet' has been a great hit in the market.
Is there an end to the patent war going between Apple and Samsung? Perhaps, the future holds the answer as Top executives at Apple and Samsung have recently talked about their recent patent settlement.
According to sources, Samsung’s first smartphone failed to compete with Apple iPhone in the market. The set that was thought to compete with Apple’s iPhone failed to receive even a positive response.
In a recent report, it has been revealed that Samsung, the electronic giant is considering spinning off the LCD unit of the firm. They are hoping to do so, in order to bring their business back on track. Their business has been seen suffering and this is one of the measures of the firm to balance its books and make things as normal as they can in the time to come.
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