Apple Inc.(NASDAQ:AAPL) VS Samsung Electronics Co Ltd (005930.KS): SAMSUNG PAID $548 MILLION ON DECEMBER 14TH — AND NOW APPLE WANTS MORE

Apple Inc.(NASDAQ:AAPL)

For five Samsung phones sold after 2012

According  to the latest news report, Just over a week after Samsung Electronics Co Ltd (005930.KS) paid Apple Inc.( AAPL:  NASDAQ) more than $548 million for infringing the patents and designs of the iPhone, Apple has asked a U.S. court to force its biggest smartphone rival to cough up even more, according to (Reuters)

In court papers filed on Wednesday, Apple Inc.( AAPL:  NASDAQ) said Samsung Electronics Co Ltd (005930.KS) owes nearly $180 million in supplemental damages and interest.

Its unclear which Samsung phones Apple is seeking damages for because a majority of the documents are sealed from public viewing at the moment. The filing was first noticed today by patent expert Florian Mueller, who has been following the intricacies of the case on his blog FOSS Patents. Theverge  Said

Apple Inc (AAPL) says its owed additional money for interest and supplemental damages related to five phone models sold after 2012, when Samsung was first found guilty of infringing Apples patents.

The long-running dispute dates back to 2011, when Apple sued Samsung alleging the South Korean electronics company violated its patents and copied the look of the iPhone. After the 2012 verdict, Samsung was ordered to pay $930 million to Apple.

In May a U.S. appeals court stripped about $382 million from that total, saying Cupertino, California-based Apple could not protect the phones appearance through trademarks. Samsung paid Apple the bulk of the judgement, $548.2 million, on Dec. 14.

In a case that has come to epitomize the global smartphone war, Apple and Samsung have more battles ahead. Another trial over remaining damages related to the appeals court decision is set to go ahead next March in San Jose, California federal court.

Samsung has also appealed the case to the U.S. Supreme Court. The company said Apple was compensated far more than it deserved for patents on designs of the iPhones front face, bezel and application icons. The high court must first decide whether or not to accept the case for review.

The case is Apple Inc v. Samsung Electronics Co Ltd in the U.S. District Court for the Northern District of California, No. 11-cv-1846. (Reuters) Report

Samsung Company Profile:

Samsung Electronics Co., Ltd.  is a South Korean multinational electronics company headquartered in Suwon, South Korea. Through extremely complicated ownership structure with some circular ownership it is a part of the chaebol Samsung Group, accounting for 70% of the groups revenue in 2012. It has been the worlds largest information technology company by revenue since 2009. Samsung Electronics has assembly plants and sales networks in 80 countries and employs around 370,000 people. Since 2012, the CEO is Kwon Oh-Hyun.  Samsung has been the worlds largest manufacturer of LCD panels since 2002, the worlds largest television manufacturer since 2006, and worlds largest manufacturer of mobile phones since 2011. Samsung Electronics displaced Apple Inc. as the worlds largest technology company in 2011 and is a major part of the South Korean economy.

Apple Company Profile:

Apple Inc.( AAPL:  NASDAQ), is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The Companys products and services comprise iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.  Apples consumer software includes the OS X and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, in addition to through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company attained app-search engine Chomp.

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Been writing about and trading stocks since 2013. Manage a group of micro-cap investors on Facebook with over 15,000 members. Turned $8,500 into 185k the first year I started trading stocks and haven't looked back.