Yale professor's analysis puts value of Apple's patents at $38.4 million, not $2.2 billion
On Monday, Samsung called Yale economics and finance professor Judith Chevalier to the stand. Her testimony was that Apple's patents are worth no more than 35 cents per device. That works out to a figure of $38.4 million owed to Apple, according to her analysis, not the $2.2 billion that Apple is suing for. She also failed to include any lost profits in her calculations, saying that Apple did not lose 1 cent of business due to Samsung's alleged use of Apple patents.
On cross-examination, Apple attorney Bill Lee tried to impeach the quality of the professor's report, questioning the evaluations from iPhone customers. Lee pointed out one customer review from an iPhone buyer who claimed that he was shot by "Seeri." Chevalier says that the five Apple patents that are at issue in the case, had nothing to do with the actual decision by consumers to buy a particular phone.
After the professor finished her testimony, Samsung rested its defense. It will now start on Tuesday with its cross-claim against Apple. Samsung claims that Apple infringed on a pair of Samsung patents and is seeking about $7 million from its rival. Closing arguments are expected to take place April 28th.