If you haven’t noticed the epic battle taking place between Apple and Samsung you must have been living in a cave for the last several months. Apple revolutionized the cell phone industry with the debut of the iPhone in 2007. Like any technological advance, it was only a matter of time until the imitators arrived. Late last year, Apple filed suit against Samsung, who they claim has twelve products infringing on seven of Apple’s patents. Juror’s agreed and hit Samsung with over a billion dollars in damages. Now the question is how will Samsung choose to appeal this decision and more importantly what kind of impact could a verdict like this have on the smartphone and tablet markets? Watch the following One Minute MBA video to catch up on the news.