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.