Tuesday, August 28, 2012

Tech2Date: Apple’s legal battle win against Samsung bumpes up its shares value

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Apple's legal battle win against Samsung bumpes up its shares value
Aug 28th 2012, 10:06

by T2D Staff on August 28, 2012

in Apple, Apple News, iPhone, Technology, Technology News

The recent legal battle between Apple and Samsung in the US ended up with favorable verdict to Apple. Immediately after the verdict the benefit was clearly seen in the shares value of the iDevice giant.

iphone 44 300x200 Apples legal battle win against Samsung bumpes up its shares value

The verdict made by jury at San Jose, Calif. court was on Friday and on Monday, the first business day after the verdict, Apple's shares rose up by about 2 percent.

Analyst Katy Huberty from Morgan Stanley said this is one of the greatest rises in a day in a period of last two years for Apple shares. He also adds the other benefits will clearly be seen after the launch of iPhone 5.

Meanwhile, Samsung shares were down by 1.3 percent yesterday morning.

It is rumored Apple will be launching its iPhone 5 on September 12 and it will hit the stores on September 21.

For Further Reading:

  1. Samsung stock record low in 4 years after Apple vs Samsung verdict
  2. The Samsung-Apple Battle Enters The Advertising Arena
  3. Apple Files Another Lawsuit Against Samsung in Germany
  4. Galaxy Nexus Android phone of Samsung banned in US
  5. Samsung confirms 7.85-inch Mini iPad
  6. Samsung to launch televisions and cameras on March 7
  7. Samsung releases teaser video of Galaxy S III; Pokes fun of Apple

Tagged as: Apple, apple vs samsung, Samsung

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