Apple estimates $2.52 billion damages in Samsung battle

Tue Jul 24, 2012 10:05am EDT

(Reuters) - Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as the iPhone and iPad.
According to a partially redacted filing on Tuesday with a federal court in San Jose, California, Apple believes Samsung owes "substantial monetary damages" because the Korean company illegally "chose to compete by copying Apple."
Apple said this allowed Samsung to overtake it as the world's largest maker of smartphones, and reap "billions of dollars in profits" while costing Apple $500 million of profit.
It said damages, including reasonable royalty damages, reach "a combined total of $2.525 billion." Apple said it also plans to seek a permanent injunction to stop future violations.


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