Complete coverage: Apple v. Samsung, a battle over billions

Samsung is probably still reeling over a jury's decision to award Apple more than $1 billion in damages over infringed patents, but it says the real loser today is the public.

The South Korean company said in a statement that the verdict means less innovation from manufacturers -- something that should make consumers fearful:

"Today's verdict should not be viewed as a win for Apple, but as a loss for the American consumer. It will lead to fewer choices, less innovation, and potentially higher prices. It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies. Consumers have the right to choices, and they know what they are buying when they purchase Samsung products. This is not the final word in this case or in battles being waged in courts and tribunals around the world, some of which have already rejected many of Apple's claims. Samsung will continue to innovate and offer choices for the consumer."

Samsung has been fighting Apple over patents in several arenas, and there's been much discussion over what this case will mean for the industry as a whole.

Apple issued its own statement, saying the verdict sends a clear message that "stealing isn't right."

Update, 6:23 p.m. PT: Adds link to Apple's statement.