Friday, June 29, 2012

Apple posts $2.6M bond for Galaxy Tab 10.1 preliminary injunction

Earlier this week, we reported that Apple had won a preliminary injunction against sales of the Samsung Galaxy Tab 10.1 in the U.S., but that Apple still had to post a $2.6 million bond to cover damages that would be suffered by Samsung, if the injunction was later overturned.

There's no sense wasting time: Apple has posted that bond. In turn, Samsung has filed a motion to stay the injunction pending its appeal, and Apple has been given until Saturday, June 30, 9:00 a.m. PT to file its opposition brief. It's believed that U.S. District Court Judge Lucy Koh will hand down a decision by Monday at the latest, or perhaps even this weekend.

Considering that Apple made than $39 billion in revenue during its last quarter (fiscal Q2 2012), and considering how much cash the Cupertino, Calif. giant has "lying around," we're sure scraping up that much money was simple.

With that, the preliminary injunction is in place and operational. It doesn't affect the newer Samsung Galaxy Tab 2 10.1, and retailers can also clear their existing Galaxy Tab 10.1 inventories. However, no more imports of the product can take place unless the injunction is lifted.

This is, of course, just the latest salvo in the patent war between Apple and Android OEMs. Just a few days ago, Apple suffered a defeat when a patent base between itself and Motorola was dismissed.

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