Right from your article:
"Currently, Samsung outsells Apple's smartphones 2-to-1 globally."
Then digging a bit more:
SMSN: Market Cap (M USD) 173,665.88
AAPL: Market Cap (M USD) 658,152.75
These are both big companies... Apple total revenue after five years on iphone is around $150B. Per this article:
http://news.cnet.com/8301-13579_3-57461578-37/five-years-later-iphone-revenue-hits-$150-billion/
The Galaxy S3 wholesale price is about $400 when properly negotiated, versus $600 for an iphone, from the same article.
So let's think about it a bit. Apple makes $150B on $600 iphones. That's about 250M phones. Now, Samsung has twice the market share, so they have moved about 500M phones in the same five years. The S3 is a $400 phone, so that comes to $200B. While samsung does move lower end phones, their total revenue is going to be between $100B-$200B practically speaking.
So is $1 or 3B going to break the bank or make any real difference on a $173B company that has moved $100-200B worth of phones in the last 5 years?
And since when are you the expert on what a fair valuation is? Ill bet the lawyers cost a HUGE fraction of the total settlement at the end of the day, alone.
Im not saying that it is good or bad, or if it is pure greed, or a precedent or other basis. I dont know, nor does anyone else adding their 2c to this. The best we have is numbers, which I have provided from cited courses. Any commentary is just speciulation, knee-jerk reaction, and hearsay unless it comes with a basis. So hate on all you want, if it makes you feel good. Im not doing apologetics for apple or saying that any settlement is right... But usually settlements are gouged and it is the doing of the lawyers, the free ability that the court allows, and that isnt unique here by any stretch. its a function of the system... And either amount isnt an amount of dollars that would make either entity leave the business, nor damage them in the big picture of revenue generating capability.