Apple award cut to $599 million in Samsung patent case

Apple’s (AAPL) award from last summer’s landmark patent trial with Samsung (005930) has been reduced to $598.9 million, according to a new report. The Wall Street Journal issued the report on Friday afternoon, and it comes as Apple shares dropped to a new 52-week low during Friday afternoon’s session. Apple was originally awarded more than $1 billion when various Samsung devices were found to infringe on six Apple patents. Judge Lucy Koh, who presided over the trial and cut Apple’s award, plans to schedule a new damages trial once judgements have been issued for all outstanding appeals.

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