A jury on Friday found in favor of Apple in its patent infringement case against Samsung. After finding that Samsung willfully infringed a number of patents, the jury awarded Apple $1 billion in damages.
“We are grateful to the jury for their service and for investing the time to listen to our story and we were thrilled to be able to finally tell it,” Apple said in a statement provided to The Loop. “The mountain of evidence presented during the trial showed that Samsung’s copying went far deeper than even we knew. The lawsuits between Apple and Samsung were about much more than patents or money. They were about values. At Apple, we value originality and innovation and pour our lives into making the best products on earth. We make these products to delight our customers, not for our competitors to flagrantly copy. We applaud the court for finding Samsung’s behavior willful and for sending a loud and clear message that stealing isn’t right.”
Apple stock rose $11.73 to $674.95 in after hours trading.