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.
