Aug 24, 2012 No Comments ›› Pat Dollard
(CNBC NEWS) A U.S. jury awarded Apple $1.05 billion in damages from Samsung Electronics, finding that the Korean company infringed on some of Apple’s valid patents.
As for the countersuit, the jury found Apple did not violate any of Samsung’s wireless standards or feature patents.
Apple shares hit an all-time high in after-hours trading. Click here for the latest after-hours quote.
The jury found some Samsung phones infringed Apple design patents but said the Samsung Galaxy Tab 10.1 did not infringe Apple design.
The patents the jury found Samsung violated included those for the “bounce back,” scroll, zoom and navigate features.
The verdict came after just three days of deliberation, court officials told reporters on Friday, reaching a decision faster than expected.
Apple [AAPL 663.222 0.592 (+0.09%) ] and Samsung have locked horns since July 31 in one of the most closely watched technology trials in years. The outcome of the legal battle between two companies that sell more than half the world’s smartphones and tablets will reverberate around a mobile industry struggling to make headway against the pair.