Apple’s (AAPL) award from last summer’s landmark patent trial with Samsung (005930) has been reduced to $598.9 million, according to a new report. The Wall Street Journal issued the report on Friday afternoon, and it comes as Apple shares dropped to a new 52-week low during Friday afternoon’s session. Apple was originally awarded more than $1 billion when various Samsung devices were found to infringe on six Apple patents. Judge Lucy Koh, who presided over the trial and cut Apple’s award, plans to schedule a new damages trial once judgements have been issued for all outstanding appeals.
Apple award cut to $599 million in Samsung patent case
Updated Mar 1st, 2013 4:02PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
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