Katie Benner on The New York Times:
In a joint statement filed to the United States District Court for the Northern District of California on Thursday, the two companies said that Samsung had agreed to make the payment in accordance with a partial judgment in Apple’s favor handed down in September.
Samsung’s Profit Sinks 39%, Hit by Bigger iPhones
Samsung Electronics Co. said its first quarter net profit plunged 39 per cent as consumers switched to bigger iPhones, squeezing earnings from its mobile business to less than half what they were a year earlier.
The company reported Wednesday that its January-March net profit was 4.63 trillion won ($4.35 billion), compared with 7.49 trillion won a year earlier.
Ouch!