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Thursday, August 16, 2012

Samsung only made $519 million on alleged iPhone clones, not $2.4 billion as Apple suggests

Samsung only made $519 million on alleged iPhone clones, not $2.4 billion as Apple suggests
Aug 16, 2012 , 21:55 PM , from yahoo
samsung only made $519 million on alleged iphone clones, not $2.4 billion as apple suggests
Apple (AAPL) claims that Samsung (005930) earned $2.4 billion on smartphones and tablets that stole the company’s protected designs and technology. The South Korean electronics giant disagrees, however, and said Apple’s numbers are about $1.72 billion off. In the ongoing trial between the two companies, Samsung on Thursday called Michael Wagner, a former partner at PriceWaterhouse who has 36 years experience in calculating corporate damages, to the stand. During his testimony, Wagner suggested that Apple’s estimates were way off, and Samsung actually earned roughly $519 million on sales of the devices Apple claims are infringing its IP. “[Apple's] total calculation of total profits did not include the total cost to figure out the profits,” he said according to CNET. According





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