Apple award cut to $599 million in Samsung patent case

Zach Epstein

Apple Samsung Patent Trial Award
Apple Samsung Patent Trial Award

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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