I am a macro guy and so I usually discount the importance of single events when thinking about the bigger picture. That said, this is a momentous decision and a stunning defeat for Samsung. And it should be clear that Samsung was copying Apple. They are even copying their retail stores now as well. Nonetheless, I don't think this decision to award Apple $1 billion and uphold its "look and feel" patents changes the overall context in the mobile space.
First, let's remember that similar cases elsewhere, from South Korea, to Germany, the UK, Australia, and even the US have had mixed results. So while the case in Apple's home turf was a clear victory, I don't believe that Apple will have similar success elsewhere. When a similar Apple case against Motorola Mobility came before Richard Posner ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.