Economics

Samsung Says $2 Billion for Apple Patents Is Too Much

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Samsung Electronics Co. says Apple Inc.’s patent-infringement claims of $2.19 billion are 57 times higher than what the Galaxy maker should pay if a jury finds it infringed smartphone technology.

Samsung called on a Yale University business school professor yesterday to make its case to a federal jury in San Jose, California, that if it has to pay anything, the amount should be as little as 35 cents a phone -- a stark comparison to Apple’s demand for more than $40 a phone.