Apple Won’t Receive $1 Billion From Samsung Until Next Year

With Apple’s win in the Samsung case during late August, they were granted around $1 billion in damages. They haven’t received any cash amount yet, and will likely have to wait until 2013 before they see the money. Unfortunately for Apple (and Samsung), the case isn’t sealed, they still have to undergo a December 6th hearing in attempt to ban eight Samsung phones. The hearing can go either way; Apple may receive a higher dollar amount, or even a lower dollar amount.

FOSS Patents explains:

Given that the hearing on post-trial motions is scheduled for December 6 and that Judge Koh will need some time after the hearing to write her orders on the multiplicity of issues to be addressed, we’re talking about the early part of 2013 then.

Apple is worth over $100 billion and certainly doesn’t need the money immediately, but if they must, a part-supply payment could be held until the motion is resolved:

Apple still buys components from Samsung of an annual value on the order of ten times the damages verdict. Parties that do so much business with each other could agree that, for example, Apple can simply withhold some payments for components until the post-trial motions are resolved.

Overall this can be an extended process. Any motions must be filed 14 days upon court judgment. Thoughts?

[via BusinessInsider]

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