Samsung aims to slash $600m Apple payment

SAMSUNG is looking to further reduce its hefty bill to Apple, after a $1.05bn (£697m) fine it was previously ordered to pay was cut by almost half on Friday.

The Korean firm said yesterday that it would dispute the new $600m fine, which stems from a US jury finding that Samsung copied the design of Apple’s iPhone. “Samsung intends to seek further review as to the remaining award,” it said.

Apple’s shares tumbled yesterday, sending its market value below $400bn for the first time in more than 13 months.

Its market capitalisation fell below energy giant Exxon Mobil, which regained its position as the world’s most valuable public firm.

Samsung’s declaration suggests the patent wars between the world’s two biggest smartphone makers are set to continue for some time yet.

On Friday, a US judge declared that the original $1.05bn award had been hastily reached, and reduced the sum.

She also ordered a new trial that will decide how much Samsung should pay Apple for a separate violation of iPhone patents, although the two firms were urged to find a settlement.

Apple and Samsung have waged war in courts across the globe over the past two years over alleged copying of each other’s technology.

The feud has extended to the UK courts, where Samsung was found not to have copied Apple’s iPad, in part because Samsung’s tablet was “not as cool” as its rival’s device.