The recently obtained $1 billion win for the iPhone maker in the U.S. Apple vs Samsung trial has all sorts of ripple effects that capture the attention of the media. While Samsung is determined to continue to fight Apple in court despite this “worst scenario” for the South Korean Android device maker, there are side effects that are already felt.
A few days ago we reported that after the verdict was made public, Samsung’s market cap dropped $12 billion. Now we hear that the second-hand smartphone market also has to suffer following the Apple win.
MarketWatch reports that Gazelle.com registered a 50% increase in Samsung smartphones [...]
Samsung has been dealt a major defeat in the U.S., where the jury in the Apple vs Samsung case found the South Korean company to infringe on several software and design patents and awarded Apple just a little over $1 billion in damages.
According to a report from The Korea Times, the verdict was unexpected by Samsung officials, who saw it as “absolutely the worst scenario” for the company:
Samsung executives were still reeling in shock Sunday, but provided no clear hint on the company’s next move in the showdown with its industry archrival. It’s widely expected that Samsung will appeal, but the outlook for success in the [...]
Late on Friday the jury in the U.S. Apple vs Samsung trial revealed its findings in the case, and awarded a huge win to Apple, with the iPhone maker winning on almost on counts. Consequently, the jury said Samsung owes Apple just over $1 billion in damages.
We’ve already seen reactions from both Apple and Samsung, but also from Google, and we’ve seen the immediate effects the verdict had on both companies’ traded stock. We’re probably going to see both companies file various motions and try to overturn certain areas of the verdict in the day to come – yes, even Apple will file such motions as the jury found that the Galaxy Tab tablets don’t [...]
The markets have reacted swiftly to the landmark judgement granted to Apple against Samsung. In heavy trading (around four times the daily average) Samsung’s shares plummeted by 7.5 percent taking more than $12 billion off the electronic giant’s market value. The market is clearly worried that the $1.05 billion in damages ordered by the Californian jury and the prospect of a complete ban of Samsung’s key mobile products will do irreparable damage to the company.
“There are still too many variables including the final ruling to come at least a month from the recent verdict, and whether there will be a sales ban on [...]
Earlier today we told you that Apple has obtained a huge victory in its U.S. case against Samsung, with the latter being delivered a devastating defeat – not because of the $1 billion in damages awarded to Apple, which can be considered pocket change by Samsung compared to its profits from the mobile business, but because what the victory means for Apple, the whole mobile ecosystem, and, most importantly, consumers.
Sure, Samsung may fight the verdict in further appeals, but Apple will also do some appealing of its own, and try to obtain various injunctions in the U.S. against the Samsung products found to be infringing at least one of [...]
You probably know by now that Samsung has just gotten its ass kicked by Apple in court in San Jose, California, in one of the most important patent legal conflicts of our times, and in one of the most important patent fights between the two, with Apple in a war that spans across four continents, with more than 50 cases filed in 10 countries so far.
The unexpectedly fast verdict was filed on late-Friday, and it heavily contradicts the findings of a South Korean court in a similar case. That court said that both sides infringe on the other’s patents and awarded damages in the thousands for each party.
But the jury in this first U.S. [...]