Samsung Lost $12B Market Value After Apple Wins Patent Battle

samsung_logo1

Stocks of Samsung Electronics tumbled more than 7 percent today in the first full day of trading as Apple Inc. won the legal battle of patents related to infringing firm’s iPhone technology. The lost did raise concerns about the Korean giant’s smartphones and tablet business. Samsung, which plans to contest the verdict, is asked to pay an amount of $1.05 billion to Apple. The decision was taken by a jury in San Jose, California. Apple had accused Samsung of copying its iPhone design, which took the firm five years to design. Following the lost, Samsung shares slumped $78.38 to $1,043.88. This decline was the biggest the Korean giant saw since October 2008. Samsung also announced a loss of $12 billion in the market value. Samsung, however, called the verdict “a loss for the American consumer” and promised to appeal. Apple reportedly is expected to file a case asking to ban [+more]

Last updated on:

Google: Samsung Patent Loss Not Related to Android

Android-logo

Apple Inc.’s victory over Samsung can be a big blow to Google, whose Android technology powers over Samsung smartphones and tablets, which are proved to infringe Apple patents. However, Google offered a hint indicating that it is unlikely to be affected by Samsung’s loss over patents related to the iPhone’s design. Following the verdict, where Samsung will have to pay $1.05 billion to Apple, former’s stock took a hit today. Google, however, states that the claims involved in the patent case are not related to the core software in any manner. But it is also true that in case Samsung is forced to put a ban on the sale its smartphones and tablets in the US, as requested by Apple, the number of Android shipments could also suffer. As per stated by Google, “The court of appeals will review both infringement and the validity of the patent claims. Most of [+more]

Last updated on:

ZARA App: Now Shop Round the Clock!

ZARAappiPad

Ladies, it’s time to celebrate and get hooked on to your iPads all over again – and this time, it’s a style thing. Our favorite high street fashion label, ZARA, has launched its iPad app, and that too in 19 different languages! Now this may have been old news for some, considering ZARA already had an app for iPhones and Android devices. But the latest ZARA for iPad app offers far more features guaranteed to get you hooked onto your screen for a long time. The app lets you look up clothes organized by categories, and even get details about each product you view, including a description, available sizes and price, and even lets you share interesting finds on the app on social networking platforms to get your friends’ thoughts on them. Using the ZARA for iPad app, users can even check out the latest campaigns, new arrivals, Lookbooks, and [+more]

Last updated on:

It’s a Heyday for Apple; Gets Awarded $1B in the Case Against Samsung

Apple outside counsel Jason Bartlett speaks with reporters following a jury decision in the Apple-Samsung trial in San Jose

Ok. So it is decided. Apple triumph in the landmark patent dispute. The nine person jury agreed with Apple’s claims that Samsung has infringed Apple’s patent and copied the design of Apple products, wake to beat the popular iPad and iPhone. The jury decided against Samsung claims that Apple infringed Samsung’s patent. Apple was awarded $1.05 billion, half of $2.5 billion that Apple requested. If the Jury ruling survives the appeal than Samsung business all over the world are likely to get affected. Apple and Samsung both are key players in the Smartphone and the Tablet Market. Till now, the ruling has not affected the sales of the Samsung products but Apple has requested to ban the Samsung products, which have been copied from Apple. “While a billion [dollars] is significant, Samsung has the balance sheet to cover it,” said Demetrios Anaipakos, a patent lawyer. “What’s more substantial is an [+more]

Last updated on:

Apple Stays the Most Valuable US Firm!

Applelogo

Revolutionizing the technology, smartphone, and tablet industry, Apple saw its stocks rise to a record price of $665.15 on Aug. 20, which gave the firm a market capitalization of $625.5 billion that is the highest ever for a US-based company. Apple Inc., is all set to grow its stocks further as the firm plans to launch the third generation upgrade of its smartphone, iPhone 5. Apple stocks jumped 16 percent in anticipation of a new iPhone and iPad Mini since July 26. Considered the most valuable U.S. firm in history, Apple is believed to have room for further growth as the company’s stock trades at a discount to the Nasdaq Composite Index. Investors value Apple at 15.4 times trailing 12-month earnings, while the average company in the 2,495-member Nasdaq trades at 16.5 times. This growth in profit by Apple has left behind its share increase, contributing to the lower price-to-earnings [+more]

Last updated on:

Pinterest Comes to iPad…. Looks Gorgeous

pinterest

Injected with some serious fun and gorgeous interface, Pinterest app finally gets an iPad makeover. Now you can browse all your favorite boards and pins as well as those shared by your friends from the comfort of your iPad. Join Pinterest by simply signing up, and visit all your favorite boards as the app automatically loads new pins. The iPad Pinterest app features a side panel navigational menu, which gives you an ease of switching views as per your liking. With this new interesting Pinterest iPad feature, you can search by keywords and can even access your own profile. The good thing about pinning on iPad is that you no longer use a third party app for pinning, instead the pinning feature has been integrated in the app itself. If you are not one of the proud owners of an iPad, then don’t feel let down as the Pinterest App [+more]

Last updated on:

Patent Trial of Apple, Samsung Set to Wrap Up

google vs apple vs samsung

The epic patent trial of multibillion dollar between world’s two biggest smartphone makers is all set to wrap up. Tuesday marks the day, when lawyers of both sides will offer their closing arguments to the jury. It was reported by the Wall Street Journal that on Tuesday, the panel of judges will settle on whether Samsung infringed on Apple patents, or Apple infringed on Samsung’s. Also the jury will decide as to what — if any, damages will have to be paid by the two companies. Apple vs. Samsung has been a long and controversial trial that has hit the news worldwide. This trial in the US marks to be the latest battle between the two giants, who are also fighting in courts in Australia, the United Kingdom and Germany. Apple accused Samsung of ripping off its iPhone and iPad technology. The Cupertino, Calif.-based company recently saw a rise in [+more]

Last updated on:

3M Microsoft Surface Tabs Will Hit the Shelves This Year

Microsurfacetabs

Aiming for a huge success, Microsoft is reported to manufacture more than 3 million Surface tablets in 2012, as per market researcher IDC. According to analysts, this number also marks the number of units; Microsoft plans to create by Christmas. It looks like Microsoft is all set to offer serious rivalry to its competitors as the company plans to plunge into the tablet market. Microsoft Surface Tablet is expected to hit the market October 26. Microsoft isn’t really known for selling its own devices. It’s typically known for software in devices that are manufactured and sold by other companies. Now it is simply a matter of time to see whether Microsoft will eventually sell off 3 million models of its first version of Surface tablets as the competition is tough. Apple shipped around 1 million iPads in the first month of its launch in 2010, which was an exceptional success. [+more]

Last updated on:

Samsung Galaxy Note 10.1 Hits US Market for $499!

samsunggalaxy10.1

A market leader and winning producer of electronics, Samsung Electronics Co. announced the release of its much anticipated Galaxy Note 10.1 in the US market. A direct completion to Apple, Samsung has made this device with a digital pen and a faster processor. This tablet has added features and even more that the Apple offers with the same price tag! Galaxy Note 10.1 hits the shelves across the US at authorized retailers August 16, 2012. Currently, there will be only Wi-Fi version available with starting price offering of $499 for the basic model of 16GB and $549 for the 32GB model, expandable with an external memory card. Apple’s latest iPad is also offered at the same price. But it is noteworthy that the Note 10.1 is built with some features that the iPad doesn’t have! Designed to unleash new levels of inspiration, this device marks to be Samsung’s first Android [+more]

Last updated on:
Page 5 of 6« First...456