Can Samsung Hurt Apple Some More?

Samsung (SSNLF.PK) was granted a fairly large reprieve when a judge last week cut the Korean company’s total damages due to Apple (NASDAQ:AAPL) in a patent-infringement case by about 45 percent. But the Galaxy maker believes it can get additional relief on the punishment that was originally worth $1.05 billion and awarded last August by a jury.

Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now!

Samsung said on Monday it would seek a further review of patent damages awarded to Apple.

“We are pleased that the court decided to strike $450,514,650 from the jury’s award,” Samsung spokesman Nam Ki Yung told Bloomberg. “Samsung intends to seek further review as to the remaining award.”

On March 1, U.S. District Judge Lucy Koh decided that the damages awarded by a jury in San Jose, California, which decided that several of Samsung’s devices were in violation of a total of six Apple patents, were calculated on an incorrect legal theory. In addition, the jury was not bound to accept either side’s damages estimate, she said.

Koh added that one of the witnesses in the case had “presented a theory that the court had ruled legally impermissible” and that “the amount of the award made plain that the jury had applied the impermissible theory anyway”…

The judge had earlier rejected Apple’s attempt to get a sales injunction on 26 Samsung devices. Last week, she also ordered a new trial on damages for some Samsung products, adding that the two companies should consider appealing her ruling before the new trial begins.

The stock market is roaring back in 2013. Click here now to discover winning stocks!

Bitter smartphone industry rivals Samsung and Apple have been involved in several mutual patent-infringement cases around the world over the past few months. The California win by Apple was considered one of the iPhone maker’s biggest victories, both in terms of the damage amount and the scale of judgment.

Don’t Miss: How Profitable Can Apple’s iWatch Be?