Samsung Faces $15 Billion Fine in Europe
For its efforts trying to get Apple products banned there
Apple and Samsung have been raging a legal war against each other over the past several months, and while Samsung lost a $1 billion lawsuit earlier this year, the company may be in for even more hurt. Samsing might be facing a serious blow from the European commission for trying to get Apple products banned in Europe.
Essentially, Samsung could face a $15 billion fine for using "standard-essential" patents in its attempts to ban Apple devices in its ongoing patent battle with Apple. The European commission could tack on a massive fine of up to 10% of Samsung's global turnover following its investigation into Samsung's use of these standard-essential patents. Samsung's revenue totaled $148.9 billion in 2011, so fines in Europe alone could reach $14.8 billion.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?