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Samsung's Apple damages equivalent to 16 days' profit

2014-01-27 13:12:01| InfoWorld: Top News

The $930 million in damages Samsung was ordered to pay Apple last year for infringing its smartphone patents is more than some device makers earn in a year, but for Samsung it's equal to just over 16 days' worth of profit. The Seoul-based company reported its financial results Friday and said quarterly operating profit from its IT and mobile communications division, which sells primarily phones and tablets, came to 5.47 trillion won ($5.1 billion).

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