Samsung has been ordered to pay Apple $1 billion after a landmark trial has found that Samsung infringed on Apple’s copyright in making smartphone.
Apple
A jury of nine ruled that Samsung copied the look and feel of the iPhone and wilfully infringed on many of Apple’s patents. Among the infringements cited was the “pinch and zoom” technology Apple uses to make the images and text on a screen larger.
The decision was reached quickly in a federal courtroom in San Jose, near Apple’s Cupertino headquarters.
The courts ruling has had an immediate effect on Apple shares with the stock rising $12 a share or 1.81% in after hours trading increasing Apple’s market capitalization by over $6 billion.
Samsung is now expected to appeal the decision.
