The jury in the Apple vs. Samsung patent lawsuit came out with a stunning verdict this week that awards Apple over $1 billion in damages from Samsung.
This will be boasted about for the weeks to come as a crushing blow to both Samsung and the Android platform in general.
While it is true that it is a bad day for Samsung, it isn’t quite a crushing blow for several reasons. First, Samsung will appeal. There are many more court cases to go likely spanning over many, many years. (Tech legal blogs have something to write about for the next decade, hooray!) Second, both sides won’t be happy with the result and the Judge’s conduct throughout the case will likely mean they will press to start over. (Yes, Apple is probably unhappy with $1 billion since they asked for well over $2 billion.)
Thankfully, none of us have done anything that warrants paying someone $1 billion. Here are some articles to help you manage the money you do have:
My Care One | Personal Finance Bloggers we Love – A FinCon 2012 Tribute
Get Rich Slowly | Coping with Unplanned Medical Expenses
CNN Money | Kids average $15 a week in allowance
Wise Bread | Affordable Tips for Taking a Phenomenal Family Photo
Budgets Are Sexy | The $2.00 Bill Savings Trick
Money Crush | Should You Work to Improve Your Credit Score?
Five Cent Nickel | How to Value Your Charitable Donations
The Simple Dollar | Know Exactly What You Can Afford Before You Look
Consumerism Commentary | Life Insurance: Who Needs It?
Wealth Pilgrim | Teaching Children About Money By Sharing Your Financial Information
Boomer and Echo | Are You Counting On An Inheritance?
Free From Broke was featured in the following carnivals this week:
Lifestyle Carnival 15th Edition
Festival of Frugality #350
Carnival of Personal Finance #375 – The World Travel Edition — Narrow Bridge Finance
Nerdy Finance #7
Thanks for the mention, guys! $1B, that’s just a drop in the bucket for Apple these days, though I’m sure they’re happy to see the outcome.
I think it’s more about other firms not copying their stuff. But yeah, small cents for such a big company. I don’t think people at Samsung are fond of their company having to pay that much though.
Glad you liked the article bud – see you at FINCON?
Your stuff is always great J$. Wish I could make it to FINCON but I can’t this year.
Yes, it is bad day for Samsung but golden day for Apple. However it is not happy with $1 billion because expectation was more. There is duel happy for Apple, after Judgement its share raised with leaps and bounds and hit a milestone in stock market. Even overall market raise was average but Apple share holders made huge profit in intraday trading.