Tech Giants Hoping for Samsung to beat Apple

The Court Dispute Between Samsung and Apple

Phone and technology companies Apple and Samsung have been feuding for years, to the point where each side has taken the other one to the steps of the Supreme Court.

The ongoing feud between both companies has been about various smartphone patents and the end result of this lawsuit will have consequences involving how technology companies will go about using different design patents. On one hand, Apple says that upholding the original law on patents will protect a person’s individual design for a patent, while on the other hand Samsung feels that a change in the law is necessary because without it, any new innovation will be crippled.

Both Silicon Valley companies now have to hear what the Supreme Court will say on this, given that they will be interpreting a law that was first written in 1887, barely a decade after the telephone was invented. In the lawsuit, Apple has accused Samsung of violating three different patents, which are for phones with a black face and rectangular shape, the phone’s front face and bezel and the colorful display that has sixteen different icons. Oddly enough, other courts have found that Samsung did indeed infringe on these patents involving smartphones.

However, these infringements are not what the Supreme Court is focused on, but rather on exactly how much is owed by Samsung to Apple for all of those infringements. Apple feels that Samsung owes for all of the total profits earned from the use of the smartphones and designs, which was originally $2.75 billion annually. Naturally, Samsung countered by saying they only owed a much smaller amount for a certain portion of profits tailored only for those certain designs.

According to a professor of law, the Court will look into what constitutes part of the manufacture, since according to the 1887 law that is essentially unchanged, $250 is the minimum amount one is entitled is a patent is violated.

A New Tech Boom in the United States?

Late last month, Samsung, the world’s largest smartphone maker, announced that it would be investing $1.2 billion in the United States to develop innovative technologies over the next few years.

Questions remain about the ethics of having foreign corporations pour cash into the United States in an effort to create and impact regulation and other policy, but the announcement that massive amounts of capital and high-level expertise would be directed toward the United States as fertile ground for new fields of tech aimed at generating more new revenue is exciting news for everyone in the finance and investment industries.

Details of how Samsung will spend that money specifically as well how its policy goals will mesh or clash with American interests remain unknown, but if this project can be successful, it might mean first and foremost that more high-paying jobs will be available for Americans. That would mean more tax revenue for local communities that could be used to fund schools and other public works.

For investors and those in finance, this development is a clear sign that investing in small startups and infantile technology is a potential avenue for rapid growth in the near future as low-performing companies are turned into operations that churn out technology that has the potential to connect users to each other and grow profits for shareholders. We may be in for another rosy partnership between the finance and investing industries and the tech world.