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Jury Awards Apple $1.05B in Samsung Patent Dispute

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Jury Awards Apple $1.05B in Samsung Patent Dispute

A San Jose, CA jury said late Friday the Samsung (SSNLF) had infringed on multiple Apple (NASDAQ: AAPL) patents and ordered the Korean Electronics giant to pay $1.05 billion in damages. The jury agreed that Samsung copied the designs of Apple's iPhone smartphone and iPad tablet.

Apple shares surged $11.73 after-hours on the news.

 

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