Samsung Secures $200 Million to Fuel Its Patent War With Apple
The denial of Apple’s request for a preliminary injunction on Samsung smartphones in the U.S. is regarded as a very important battle won in the ongoing patent war between the two companies. Started in April 2011, the two companies are likely to populate court rooms of the U.S.A. and others around the world next year too.
With the positive outlook of U.S. and international lawsuits, Samsung is optimistic; President and Chief Executive of the digital media division at Samsung Electronics, Geesung Choi, said the company has secured $200 million to fuel its ongoing battles with Apple in court rooms around the world.
A similar win in the French courts is expected by Samsung but these victories are not that sweet — as they refer to preliminary injunctions and not the case itself. In the U.S., Judge Lucy Koh said that “it is not clear that an injunction on Samsung’s accused devices would prevent Apple from being irreparably harmed”. The judge also believes that sales of Samsung devices might do more harm to other Android OEMs rather than Apple.
The merits of the case are still up and on trial; with Apple currently being world’s biggest technology company, they definitely don’t lack the financial resources it might take to fight the war till the end. Will Samsung’s $200 million be enough to counter?