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Re: flatrader post# 14909

Sunday, 09/23/2012 9:45:46 AM

Sunday, September 23, 2012 9:45:46 AM

Post# of 37779
SAN FRANCISCO (MarketWatch) — Apple Inc. appears to be looking to capitalize on the initial success of the iPhone 5 by going after top smartphone rival Samsung Electronics in an effort to get even more damages after winning a patent-infringement case against the Korean tech giant.
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What people think of the iPhone 5

Customers who bought the iPhone 5 on its launch day Friday at a San Francisco Apple store how they like the phone.

Late Friday, Apple AAPL +0.20% filed a motion in U.S. District Court in San Jose, Calif., for an additional $707 million in damages, on top of the $1 billion that a jury awarded Apple last month in a patent case against Samsung KR:005935 +1.20% . That case determined that Samsung had infringed on six Apple patents involving technology used in the iPhone and iPad. See: Jury hands Apple big win in Samsung patent case.

In addition to the new monetary damages sought, Apple is also asking that the sale of 26 different Samsung smartphones and tablet computers be banned in the U.S.

Samsung has asked the judge in the trial to eliminate nearly all of the damages awarded to Apple and order a new trial.
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The latest wrangling between Apple and Samsung occurs in the wake of Apple releasing the iPhone 5 on Friday. Apple hasn't yet given any official sales figures for what is the sixth iteration of the iPhone, but said that more than 2 million pre-orders for the iPhone 5 were taken in the first 24 hours such orders could be made. See: 15 first impressions of Apple’s iPhone 5.

Apple said that demand for the iPhone 5 had exceeded initial supplies of the smartphone, and that many of the pre-orders would have to be filled in October. During Apple’s first two fiscal quarters this year, the company reported more than 51 million iPhone sales. Apple’s current quarter ends Sept. 29. See: Apple’s iPhone 5 draws crowds, complaints

Apple wasn’t expected to provide sales figures until Monday/

Across the U.S. on Saturday, many U.S. stores were reporting they had sold out of the new phones, Associated Press reported.

A Verizon store in New York City said the 32 and 64 gigabyte models, but not the 16 GB version, were available, AP said, adding that A Sprint store in a suburb of St. Paul, Minn., said all but the most expensive 64 GB iPhone 5s were sold out.

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