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Samsung setting aside $200 million war chest to fight Apple's legal team in 2012

By Daniel Petrov

Published: Dec 05, 2011, 9:31 AM

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After having the sales ban lifted off of the Samsung Galaxy Tab 10.1 in Australia, the Koreans got delivered another minor victory late on Friday when Apple's request for a preliminary injunction against the Galaxy line was denied in the US as well.

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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Daniel, a devoted tech writer at PhoneArena from 2010 to 2025, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.