Samsung plans to contend the US court verdict in the high-stake patent case that directed the South Korean electronic giant to pay damages more than $1 billion to the Apple.Inc.
In a significant blow to Samsung Electronics, the US bench in San Jose courtroom found the Galaxy maker guilty of violation of intellectual property after arriving at the conclusion that it had infringed on the Apple's patent.
Meanwhile, the bench asked Samsung to pay $1.051 billion to the US-based largest smartphone manufacturer, Apple, in damages for patent infringement. The court ruling has increased the likelihood of immediate sales ban on Samsung products.
The nine-member panel deliberated for nearly three days before delivering the final ruling on the patent dispute on Friday, over seven Apple patent claims and five Samsung patent claims. The jury said that it was little difficult in concluding that Samsung had copied the Apple's iPhone and the iPad patents.
The Apple and Samsung, that dominate half of the world's mobile markets, have filed various patent cases in various counties. Both the smartphone majors have visibly engaged in a fierce battle for supremacy in the mobile industry.
While the Samsung was fuming over the US court order, the Apple's market value spiked to a new level in after-hours trades, which saw a record 2 percent jump and its share was trending at $675.
Losing the US patent battle to the Apple is a major setback for the South Korean electronics giant, which has been residing at the cloud nine for over a year following a spat of its products success in the worldwide mobile markets.
The buzz is that the mobile companies using the Google's Android Operating System are likely to face legal troubles as a result of US verdict
Following the verdict, Samsung has announced that it will move a petition challenging the court's ruling in patent case. Samsung said it will "move immediately to file post-verdict motions to overturn this decision in this court, and if we are not successful, we will appeal this decision to the court of appeals," reported the CNN.
Expressing sheer disappointment over the US court's order, Samsung said that it was unfair to give monopoly over some of the mobile designs for one company.
"It will lead to fewer choices, less innovation, and potentially higher prices. It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies, " Samsung said in a statement.
"This is the best-case scenario Apple could have hoped for," Brian Love, a Santa Clara law school professor, told Reuters while describing it as a crushing victory for Apple.
The US ruling on the patent dispute comes on the heels of Friday's South Korean court ruling on the similar case. The latter found both the companies guilty of violating the patent laws and directed them to pay limed damages, while imposing sales ban on some of the Apple and Samsung products in the South Korea.