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08-12-2013, 06:38 PM #1
Apple's Market Cap Pops on Samsung News
As MMi reported over the weekend, Apple was dealt a significant win in its ongoing patent battle with Samsung when the U.S. International Trade Commission (ITC) issued a ruling that will likely see the ban of infringing products made by the South Korean electronics giant.
The ITC’s final determination found Samsung to have infringed on two Apple patents, one for a touchscreen control method and another for headphones I/O tech, which means an import ban on offending products has been ordered....
While the ban won't commence for at least 60 days (if at all, considering that President Obama could veto this ruling as well) investors have already rewarded the company, buying AAPL stock today and sending Apple's market cap soaring.
Apple's stock climbed $12.91 (almost 3%) to close at $467 Monday. Apple's market cap up is up $11.7 billion since the ITC issued the Samsung import ban.
Source: Apple Insider
08-12-2013, 10:52 PM #2
"Popped" would imply that it had crashed, as if popping a bubble and everything was lost. Another misleading title from Messany.
08-13-2013, 12:24 AM #3