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.
Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.
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