Samsung setting aside $200 million war chest to fight Apple's legal team in 2012
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Samsung is pretty content with the developments, and an anonymous exec gloated in front of Korea Times that "if we win in Paris as well, that’s truly a big blow to Apple”.
Still, the final verdicts are yet to come, it will take many more months, and 2012 will be an uphill year for Samsung's legal team, as that's when the final hearings are scheduled for.
Therefore CEO Choi Gee-sung announced that the company has set aside a $200 million war chest for next year to fend off Apple's legal attacks, as smartphones and tablets have become the most lucrative business of Samsung Electronics, and its shares are hitting their peak.
source: KT via SlashGear
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29 Comments
22. Droid_X_Doug posted on 05 Dec 2011, 15:59 0
I am surprised that Sammy, HTC and maybe LG or some other manufacturers haven't pooled their resources to fight Apple's patent litigation. They are all exposed to similar challenges by Apple, so why not pool their resources? It should end up costing each manufacturer less.
23. Lucas777 posted on 05 Dec 2011, 17:40 1
because they are each in it for themselves... dont u thhink samsung wud love for htc to be knocked out of android and forced to wp7 and then have a huge android base probabaly moving towards them?
4. remixfa posted on 05 Dec 2011, 09:49 9
showing the complete BS about what is going on. This is what sammy has put aside. What about HTC,LG, big G, and everyone else combined? I wonder what the full total amount of money being siphoned out of DEVELOPMENT and given to laywers to fend off Apple's insane amount of bull crap lawsuits. Especially now that apple has given us a nice outline of everything it thinks it owns when it told samsung how to design an apple litigation proof device.
I'd bet everyone combined has pulled at least a half a billion aside from other projects to defend themselves against apple's crazed "its all mine" insanity.
Who is winning? The laywers.
17. ZEUS.the.thunder.god posted on 05 Dec 2011, 11:42 6
but you would also agree that someone has to stop apple. what are these compnies suppose to do ? just sit and watch ? we should be glad that sammy is cappable of fighting back. apple started all the BS. hopefully sammy will defeat 'em. go SAMMY go
20. sgogeta4 posted on 05 Dec 2011, 14:15 3
Apple is retarded. What a waste of money and resources that could be used for innovation and R&D. They should pass laws to prevent the abuse of lawyers and the system for idiotic cases. I wish people would use a little more common sense.
24. remixfa posted on 05 Dec 2011, 18:50 2
yes, of course zeus. My commentary wasnt just on how much they had to siphon off from development and other aspects, but why. Its completely BECAUSE of Apple's antics.
And im sorry, but every apple fanboy defense about protecting IP got wiped off the board when apple gave samsung and the judge "suggestions" about how to design an apple infringement free device.
Every case that apple loses, apple should be forced to pay all damages, potential damages, fees, and anything else to the defending company for defamation and financial losses from frivolous lawsuits. Thats all this is anymore is a frivolous bullying lawsuit game from apple. "who can we scare out of competition".
6. lubba posted on 05 Dec 2011, 10:48 2
$200 million against Apple's billions. Remember, "thermonuclear!"
27. Ryan4 posted on 05 Dec 2011, 22:09 0
8 Dislikes haha, trust me they are effing jealous of Apple products.
7. lubba posted on 05 Dec 2011, 10:54 2
So many fanboys, from rock groups, celebrities, to even companies. My god, what else can the world expect? Well for me, I'm hoping aliens finally show themselves in 2012. I'm gonna take their pic either with a nokia or htc wp8. Lets hope they'll be here.
12. Dmann posted on 05 Dec 2011, 11:17 2
If they arrive I´ll cheer for the predators!!!
Uhuuu! Team Predator!
Aliens sux! Buuuu.. aTards!
Lol!
16. lubba posted on 05 Dec 2011, 11:35 1
Sorry, no preds for you in 2012. Though Ridley Scott got some new alien movie up his sleeves, "Prometheus!" Still wanna see the real ufo aliens though.
8. Rio1983 posted on 05 Dec 2011, 10:55 7
I love competition and feel if apple is smart they would want competition as well. Samsung has its valued points as does apple. They should be able to coexist..
14. iamcc posted on 05 Dec 2011, 11:24 10
Did you even read the article about their demands to Samsung?
According to Apple, nobody is allowed to copy a centered screen, a flat screen, rounded edges, a rectangle... the list goes on.
Maybe that's why Wendy's has square burgers, McDonalds and Burger King patented the round pattie!
18. chadrick0814 posted on 05 Dec 2011, 12:02 5
"good artists copy, great artists steal."- Steve Jobs
19. kshell1 posted on 05 Dec 2011, 13:15 1
sir are you implying that samsung is great? ;) i take that as a compliment because my sgs2 has the smoothness of ios but the functionality of android ;) espically OC'd to 1.6ghz games like need for speed and dead space run at 60 fps
26. Ryan4 posted on 05 Dec 2011, 22:08 0
8 Dislikes haha, trust me they are effing jealous of Apple products.
10. Ryan4 posted on 05 Dec 2011, 11:00 2
Just $200 million haha, samsung don't forget that Apple has $84 billion. Samsung SUCKS
21. SlimSoulja86 posted on 05 Dec 2011, 14:59 4
Ok, I think you need some help. Thats the money they put aside, I'm sure Samsung as the company has more money than Apple, considering they sell TV's, theatre systems, mobile devices and so on.
25. remixfa posted on 05 Dec 2011, 18:51 2
The entire company under the "samsung" logo is infinitely larger than apple. America's biggest/ most profitable company doesnt mean its the most profitable or the biggest in the world.
11. som posted on 05 Dec 2011, 11:13 9
Samsung already invested $70 billions dollars in new technologies and new manufacture plants.
29. kshell1 posted on 07 Dec 2011, 08:04 0
they also make tvs, pc monitors, laptops,desktops, phones,tabletts, screens,processors, and the list goes on and on and on
13. grtphones posted on 05 Dec 2011, 11:23 9
Apple copies but wants copying to stop come on most of apples complaints are a stretch at best
