Home English News Samsung’s Damage Amount To Apple Is Worth 16 Days Of Its Profit

Samsung’s Damage Amount To Apple Is Worth 16 Days Of Its Profit

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Washington, Jan 27- Samsung’s damages amount to Apple is reportedly equivalent to profits earned by Samsung in a period of 16 days.

Samsung was ordered to pay 930 million dollars to Apple for copying latter’s smartphone designs.

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According to the PC World, quarterly operating profit from Samsung’s IT and mobile communications division came to $5.1 billion, which can be roughly calculated to 56.6 million dollars per day.

Interestingly, for Apple, the ‘damage’ amount is equal to the profit it makes in just 8 days.

-Indiatoday