Apple Inc. this week was awarded $1.05 billion in damages by a U.S. jury after it ruled that Samsung Electronics had copied key features of Apple products.

Apple charged that Samsung products like the Samsung Galaxy S II and the Galaxy tablet had copied the design and features of products including the iPad and iPhone. It was seeking $2.5 billion in damages.

The jury deliberated for under three days before reaching a verdict, which could lead to a ban of key Samsung products at retail.

Global smartphone sales are said to reach $207.6 billion in 2012, increasing to $252.7 billion in 2013 according to Credit Suisse.

Samsung is the No. 1 smartphone maker based on global sales. It recently released the Samsung Galaxy S III to U.S. carriers.

Apple is slated to announce the iPhone 5 in an event scheduled for Sept.

Follow us on Twitter @PunchJump, @WeLoveHotDeals, @PreOrderBonus, @Punchissimo, and visit us at Facebook and Google+.


Comments are closed.