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.
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"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.
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—By Ina Fried, Re/code.net.
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