(Credit: James Martin/CNET)
SAN JOSE, Calif. -- The $2.4 billion Apple says Samsung earned on devices with its looks and technology is certainly a hefty sum, but about $1.7 billion off, according to Samsung.
To prove that, the company called on Michael Wagner, a former partner at PriceWaterhouse with 36 years of calculating corporate damages, who said that Apple's own damages expert had left out major parts of Samsung's financial data when making its calculation.
"[Apple's] total calculation of total profits did not include the total cost to figure out the profits," Wagner told the court.
Wagner made the case that Apple had left out things like expenses for sales, marketing, research and development, as well as administration -- costs that ate into Samsung's potential profits, and that were critical to calculating the company's financial responsibility.
Wagner also argued that Apple had also miscalculated its lost profits, pointing to the fact that the company was having troubles keeping up with supply of the iPhone and iPad during portions when Apple says Samsung was raking in lost sales.
Eyeing sales from the accused devices that were a part of the case, Wagner said that Samsung had earned $518.7 million in profits on those devices, far less than the $2.24 billion figure Apple claimed at the beginning of the trial.
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