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Apple’s damages expert makes case for why company is due $2.19 billion from Samsung

(L to R) a Samsung Galaxy Tab near a Apple iPad computer tablet.
Rolf Vennenbernd | AFP | Getty Images
(L to R) a Samsung Galaxy Tab near a Apple iPad computer tablet.

An Apple-hired damages expert on Tuesday told the jury that the iPhone maker is owed $2.19 billion in damages for infringing five patents between August 2011 and the end of 2013.

MIT-trained economist Chris Vellturo said the damages are a mix of Apple's lost profits during the time as well as a reasonable royalty for Samsung's use of Apple's technology on the remainder of the more than 37 million phones and tablets that are accused of infringing Apple patents.

"It's a very large market and Samsung has made a lot of sales into that market," Vellturo said, before getting into the specifics of how he came to his estimate. Samsung's alleged infringement, he said, came at a time of dramatic growth in the market as many people were buying their first smartphone.

Re/code has the story.

By Ina Fried, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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