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  • Samsung Shares Down 7 Percent After Verdict, Possible Sales Ban Still Looming



    A Jury may have awarded Apple $1 billion in damages, but the market is already piling on in the first day of trading after the decision.

    Samsung shares are down seven percent marking the largest single-day decline in just under five years for the company. While Samsung likely expected to take a hit, this is only the first day after the decision, and the appeals process hasn’t even started. Not to mention a possible sales ban still looms over the case which could further punish the company’s stock.

    Originally Posted by :
    "An adjustment in the next few days is unavoidable as the damage amount was much bigger than market expectations, and there are further uncertainties, such as the possibility of a sales ban." — John Park, from Daishin Securities.
    Even if the appeals process fails and Samsung puts the case behind them the Galaxy S 3 phone could still be targeted by Apple in a future suit. If Apple could successfully win a sales ban on Samsung’s flagship phone, the damage could be increasingly severe.

    However, Apple should think twice before crippling one of their largest and most reliable component suppliers.

    Source: BBC
    This article was originally published in forum thread: Samsung Shares Down 7 Percent After Verdict, Possible Sales Ban Still Looming started by Phillip Swanson View original post
    Comments 23 Comments
    1. luvmytj's Avatar
      luvmytj -
      Quote Originally Posted by jOnGarrett View Post
      In your dreams fan boy., in you dreams. The Galaxy S III is troll proof and is better than the yet to be released iPhone 5 or 4ss or whatever it will be called.

      There is some light at the end of the rainbow for you though, Android devices traditionally drop in prices over time because unlike iOS there's something new each and every month. So you can get an SIII for $99 in a few months--and yes, it will still be better than an iPhone.
      And who's the fanboy??? LOL!
      Please tell the forum why you come to bash Apple devices if your not a troll.
    1. jOnGarrett's Avatar
      jOnGarrett -
      Quote Originally Posted by luvmytj View Post
      And who's the fanboy??? LOL!
      Please tell the forum why you come to bash Apple devices if your not a troll.
      here we go again., anybody with an opinion is labeled Troll. F.Y.I I have 2, yes 2 iPhone 4's and an iPod 4th Gen in addition to my Galaxy Tab 10.1 Galaxy S II, Galaxy S III and Galaxy Note.

      I am a fan of technology, Im not some iDiot that thinks one brand is better than another. I enjoyed iOS when I was a user but Ive found something much much better in Android.
    1. luvmytj's Avatar
      luvmytj -
      Quote Originally Posted by jOnGarrett View Post
      here we go again., anybody with an opinion is labeled Troll. F.Y.I I have 2, yes 2 iPhone 4's and an iPod 4th Gen in addition to my Galaxy Tab 10.1 Galaxy S II, Galaxy S III and Galaxy Note.

      I am a fan of technology, Im not some iDiot that thinks one brand is better than another. I enjoyed iOS when I was a user but Ive found something much much better in Android.