Apple vs. Samsung Lawsuit Verdict is in; Jury Orders Samsung to Pay $1 Billion in Damages, Patent Infringement

In the high-profile Apple vs. Samsung trial, the verdict is in and the jury has decided that Samsung infringed on a number of Apple patents, but Apple was not found guilty of any alleged patent infringements against Samsung.

After just three days of deliberations on the complex and technical case, the jury has ruled that Samsung violated six of Apple's patents, including utility and design patents. Samsung has been ordered to pay Apple $1.05 billion in damages, which is about half of what Apple had originally asked for in its lawsuit against Samsung. The jury found that Apple had not infringed on any of Samsung's patents and was not fined a penny.

"Today's verdict should not be viewed as a win for Apple, but as a loss for the American consumer. It will lead to fewer choices, less innovation, and potentially higher prices," Samsung said in a statement. "This is not the final word in this case or in battles being waged in courts and tribunals around the world, some of which have already rejected many of Apple's claims."

Indeed, in Seoul, South Korea a court ruled on Friday that while Samsung didn't copy Apple's iPhone design, both companies were guilty of patent infringement against each other. As a result of this verdict, the court is imposing a partial sales ban in the country on both companies, which will apply mostly to older products and not necessarily to new devices such as the Samsung Galaxy S3. This decision has led many people in America to wonder if a similar sales ban is in the cards for the U.S. market. Only time will tell.

In response to the U.S. jury verdict, reports are coming in of a significant increase in Apple stock prices. The stock rose 1.7 percent in after-hours trading on Friday, bringing shares up to $674.49, the highest they've ever been. Apple also hit another high earlier this week, as it set the record for most valuable company in U.S. history, worth $623.5 billion, according to reports from USA Today.

After receiving its guilty verdict, Samsung is now responsible for adding to Apple's extensive net worth, but consumers and analysts alike wonder if the company will take this verdict lying down. There is much speculation of a possible appeal and the New York Times reports that Samsung said it will ask the court to overturn this verdict and, if unsuccessful, appeal to a higher court.