Apple-Samsung war
It was an eventful year in the world of finance and business, one that actively involved all three actors: the government, people and even the common man. From violent employee agitations to controversial reform proposals and volatile economic indicators, we compile the twelve defining news events of 2012.
It all started when Samsung launched its Galaxy smartphone two years ago.
Apple Founder Steve Jobs, then told Samsung executives at a meeting that he considered the Galaxy S, running on Android operating system, an illegal copy of the iPhone. The meeting did not go well and in 2011, Apple took legal action against Samsung citing patent infringement.
In August 2012, the U.S. jury returned a verdict that was favourable to Apple (it said Samsung violated six patents, which included the pinch-to-zoom gesture to enlarge an image) and awarded Apple $1.05 billion in damages.
Samsung on its part couldn’t believe that Apple should be allowed patent protection on simple feature and design elements. Samsung however has vowed to keep on fighting. Apple has recently added the Android 4.1 Jelly Bean operating system to an existing lawsuit against Samsung.
And the argument continues.
