Apple Judgment Rocks Samsung's Share Price

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Apple Judgment Rocks Samsung's Share Price

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Apple gets $1 billion damages from South Korean electronics giant Samsung.

Apple's continuing dispute with Samsung reached a resolution of sorts this weekend. The California jury took two and a half days to consider before finding Samsung guilty of copyright infringement, throwing out all of Samsung's counter-claims and imposing $1 billion damages on the South Korean electronics giant. Apple will continue what Steve Jobs called a "thermonuclear war" strategy against Samsung by calling for injunctions against many of its competitor Samsung's products. Samsung is expected to appeal the California court's judgment.

A Samsung spokesman called the verdict "unfortunate." He said that the "verdict should not be viewed as a win for Apple, but as a loss for the American consumer." It's also a significant loss for Samsung, which sent its stock price tumbling by about 7.5% as of time of writing. That equates to about $12 billion, gone in the blink of a shareholder's eye. Apple will follow up its victory with a call for an injunction against 17 Samsung smartphones and their variants; about 39 different handsets altogether. If this injunction succeeds it will be a further economic blow for Samsung, but perhaps not as bad a shock as might have been expected since the injunction list includes only a relatively small proportion of Samsung's overall product list.

Source: Guardian

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I don't think I'm ever buying an Apple product again. I'm way over their patent trolling and the facade they've built up of being anything but a greedy company in desperate pursuit of a monopoly. They're like a larger, more powerful and dickish EA. They just strike all the wrong chords with me.

*wipes hands* I'm done.

Fucking FINALLY you guys!
Are you gunna wait another two days to tell us how high Apple stocks went as a result?

Which is a shame, because Samsung actually makes good stuff.

I wonder how things would have gone in a south Korean court?

I think you could class this as, after having won the fight, putting the boot in.

Apple is trying to make a statement that they ARE the smartphone market. They just come across looking like thugs.

I didn't buy Apple products because of the already high price tag. This won't help my opinion.

This will be a loss for the American economy in general.

After all, would you want to compete against an American company in America if you ran the risk of getting sued by them? No American judge will side with a foreign company.

It's a sad day when Apple are able to compete for dominance in such a cowardly way. The old way would have been to simply make the superior product. Guess Apple knows just how crap theirs are for the price you pay for them.

when did Tim Langdell get a job at apple? Seriously looking at the report every smartphone regardless of manufacturer is infringing apples copyright pinch to zoom? jesus my htc does that.

AC10:
Which is a shame, because Samsung actually makes good stuff.

I wonder how things would have gone in a south Korean court?

In the Korean court, both Apple and Samsung got the blamed of copying each other and both had some products banned from the market.

I can't wait until the injunction goes through. Samsung's stock will go further down, and that will be the time to BUY BUY BUY. It's a safe bet that the company will recover, over time, so they're a really good investment right about now.

That being said, it hurts that Apple won; I hope Samsung is able to appeal this.

P.S. Thanks

I really like Apple products, but I had hoped Apple would lose this suit. I think we, as consumers, all benefit when competing companies can take the best features from other products to develop better products of their own. Now, if this ruling stands, I'm afraid companies will be gun-shy about any feature that might be close to what someone else has done.

Oh, I think the quote I've heard bandied about is that Apple would go "thermonuclear" on Android, not Samsung in particular. (Something I think is a waste of Apple's, and everyone else's time and energy.)

Welcome to the modern era, where multi-nationals fight each other not in the market, but in the courtroom.

the case was a jury case and it took a whole 21 hours for them to decide that 6 of the 7 patents infringed, including Samsung using rounded rectangles that are actually owned by apple.

since when can you own common shapes?

and if apple does wipe android out who are they going to copy off, the drop down notifications are stolen off andoird by apples defination, so is the imprved voice to phone com's (siri).

i think the apeal for mistrial is going to go though as most of the juries live and work in silicon valley, the same location apple is based so it looks stupidly biased

captchas = walk free, that seems apat

It's a rounded rectangle, wtf else shape are they going to use.
I'm sick of apple.

Just curious what market is Samsung being traded on?

I would say I'm never going to buy Apple again but then I realised I never bought their stuff in the first place.

Something about Apple always annoyed me, the adverts, products and the prices. this is a step up from annoying mind, some of these patents just seem insane. Why does the US patent office grant these things?

drkchmst:
Just curious what market is Samsung being traded on?

Seoul stock exchange I believe

Boudica:
I don't think I'm ever buying an Apple product again. I'm way over their patent trolling and the facade they've built up of being anything but a greedy company in desperate pursuit of a monopoly. They're like a larger, more powerful and dickish EA. They just strike all the wrong chords with me.

*wipes hands* I'm done.

If all goes well, Apple might get what's coming to them. http://www.androidpit.com/google-vs-apple-android

There is also the implication that the Jury isn't doing their job properly
http://www.androidpit.com/did-the-apple-vs-samsung-jury-fail-to-do-their-job-properly

Big companies do this to eachother all the time. I scoffed at the lawsuit myself, but then I saw this particular bit of evidence:

image

Its hard to really say that samsung ISN'T duplicating the look and feel of the apple products. You can't look at the samsung tablet and say "OOO NEAT DID YOU GET A GALAXY TAB? YEAH?" Its more "hey, new ipad? no? what, samsung?"

Samsung's defense is "you can't protect rectangles with rounded corners," but theres a certain limit before people can start duplicating the look and style of a device which has set the new standard for a technology.

All tablets will probably end up looking quite a lot like the ipad, because the design just works great (tablet PCs were a joke prior to the ipad), but samsung might have gone a little too far too fast.

However, the few months between the samsung product and the ipad is pretty short- did they really bring a duplicate to market less than 6 months later? If they really did, thats some chops.

Big companies do this stuff all the time. The award will get cut in appeal and this will roil around forever.

frobalt:
This will be a loss for the American economy in general.

After all, would you want to compete against an American company in America if you ran the risk of getting sued by them? No American judge will side with a foreign company.

It's a sad day when Apple are able to compete for dominance in such a cowardly way. The old way would have been to simply make the superior product. Guess Apple knows just how crap theirs are for the price you pay for them.

Not to beat on the subject but the past 10 years major companies have basically bullied their competition with copyright infringement suites to a very comfortable monopoly. Apple is just this year's flavor of the month. As sad as it is, nothing we say or do right now is going to matter because the majority is blissfully ignorant and want to remain that way. As long as they get their goodies, they do not care where or how they get it.

Sorry if I sound too cynical but when you hear people always eagerly want to talk about american idol and funny sitcoms but never look twice on this news it makes you think that people want to be slaves.

*removed for double post*

Imagine if this same claims were applied to other tech: you can't make a dishwasher with a form of a cube and a door in the front. You can't make washing machines with a porthole. You can't make television in a rectangular form. It's just stupid beyond reasonable. Grats apple. You know own the rectangle.

And my 15 year boycott of Apple continues.

So, if Apple owns rectangle design with rounded corner then 80-90% of smart phones on the market infringe on that, and therefore Apple can levy suit against them. I know lets have Microsoft get in on this anyone know what the first Windows Phone 8 is going to look like.

GAunderrated:

frobalt:
This will be a loss for the American economy in general.

After all, would you want to compete against an American company in America if you ran the risk of getting sued by them? No American judge will side with a foreign company.

It's a sad day when Apple are able to compete for dominance in such a cowardly way. The old way would have been to simply make the superior product. Guess Apple knows just how crap theirs are for the price you pay for them.

Not to beat on the subject but the past 10 years major companies have basically bullied their competition with copyright infringement suites to a very comfortable monopoly. Apple is just this year's flavor of the month. As sad as it is, nothing we say or do right now is going to matter because the majority is blissfully ignorant and want to remain that way. As long as they get their goodies, they do not care where or how they get it.

Sorry if I sound too cynical but when you hear people always eagerly want to talk about american idol and funny sitcoms but never look twice on this news it makes you think that people want to be slaves.

I'm not surprised at all that other companies have tried to sue for copyright infringement, nor am I deluding myself that Apple are the first case like this.

It is very high profile, however, and $1billion in damages seems like overkill.

Yes, there will be similarities between samsung phones and iphones, but most of them (such as shape, and look) shouldn't be patentable.

Should samsung be responsible for the software? After all, Android is a google creation, so surely they should be responsible for that part, right? After all, let's face it, people that have purchased these "iPhone copies" have done so because of the Android operating system, and will have chosen Samsung for various other reasons, as Samsung aren't the only phone manufacturers that deploy the Android system.

Captcha: Stella! Stella! - Who the eff is Stella?

It's not even the case that Apple was the first to go with a rounded rectangle phone. I remember the LG Prada was like that and that was pre-Iphone. Apple just abused the US patent office to patent all these obvious features. They are all doing it. Siri is just like an earlier Google thing that they have patented and on and on it goes

monev44:
And my 15 year boycott of Apple continues.

the thing is once you got past the original I-pod it isnt even hard to maintain an Apple boycott. Samsung S3 and its tablets are far superior in almost every way. I don't own them either (I still use my old HTC) but it isnt really a loss.

Good for sticking to your guns though

I am glad that Apple won. Apple found a way to revolutionize the phone market with its iPhone. and instead of being innovative. many have chosen to copy the iPhone. hope this decision encourages more innovation. and actually. apple lost on the "rounded rectangle" thing. they don't own the rounded rectangle. it is 3 utility patents, 4 design patents and registered trade dress that the court upheld. the rounded rectangle fell under unregistered trade dress that was not protectable. bottom line is the patents were valid, and Samsung Willfully infringed on them.

frobalt:
Captcha: Stella! Stella! - Who the eff is Stella?

Streetcar Named Desire

http://www.youtube.com/watch?v=IjU-XGQHUJI

zBuLe:
I am glad that Apple won. Apple found a way to revolutionize the phone market with its iPhone. and instead of being innovative. many have chosen to copy the iPhone. hope this decision encourages more innovation. and actually. apple lost on the "rounded rectangle" thing. they don't own the rounded rectangle. it is 3 utility patents, 4 design patents and registered trade dress that the court upheld. the rounded rectangle fell under unregistered trade dress that was not protectable. bottom line is the patents were valid, and Samsung Willfully infringed on them.

The irony of this post is very entertaining. :).

Have never bought an Apple product and they're making it really, really easy to continue that trend.

Not only do they charge outrageous prices for standard hardware and have absolutely horrid customer service but their business practices are also despicable.

Your average Apple customer makes it even easier, no way I'd want to be mistaken as belonging to that group (And yes, well aware that there's plenty of exceptions).

Shinsei-J:
It's a rounded rectangle, wtf else shape are they going to use.
I'm sick of apple.

Octagons duh!

It would be nice to see another company shake things up, make something really unique, and dethrone Apple.

AC10:
I wonder how things would have gone in a south Korean court?

I believe the South Korean courts ruled in favour of Samsung. But who listens to a Non-American country these days, eh?.

I'm extremely displeased. I already didn't like Apple, but now my disgust grows. I mean, they're already the most valuable company of all time, but I guess they needed more money.

Pipotchi:

monev44:
And my 15 year boycott of Apple continues.

the thing is once you got past the original I-pod it isnt even hard to maintain an Apple boycott. Samsung S3 and its tablets are far superior in almost every way. I don't own them either (I still use my old HTC) but it isnt really a loss.

Good for sticking to your guns though

Well really I could have picked any number of years. I just picked 15 because while I've never bought an Apple product in my life, it wasn't till maybe 15 years ago I would have had the purchasing power to do so if I wanted, which I had decided I didn't.

So if hipsters like Apple products... and I hated Apple before it was mainstream to hate Apple, does that make me an anti-hipster hipster? Like hipster^(-i)?

monev44:

Pipotchi:

monev44:
And my 15 year boycott of Apple continues.

the thing is once you got past the original I-pod it isnt even hard to maintain an Apple boycott. Samsung S3 and its tablets are far superior in almost every way. I don't own them either (I still use my old HTC) but it isnt really a loss.

Good for sticking to your guns though

Well really I could have picked any number of years. I just picked 15 because while I've never bought an Apple product in my life, it wasn't till maybe 15 years ago I would have had the purchasing power to do so if I wanted, which I had decided I didn't.

So if hipsters like Apple products... and I hated Apple before it was mainstream to hate Apple, does that make me an anti-hipster hipster? Like hipster^(-i)?

Probably just makes you hipster.

Is being an Apple fan even hipster anymore? I'm sure it has enough fans now that it's considered 'cool' by a lot of people. According to this article "70% of students use Macs". At the same time, it's also cool to hate apple as well.

I have an iPod touch, but would never buy any other Apple product. As has been said already, their hardware is priced a lot higher than it should be.

I do have to wonder though, how exactly did Apple innovate with it's phone? The thing Apple has been really good at is marketing and selling it's product.

frobalt:

Probably just makes you hipster.

Is being an Apple fan even hipster anymore? I'm sure it has enough fans now that it's considered 'cool' by a lot of people. According to this article "70% of students use Macs". At the same time, it's also cool to hate apple as well.

I have an iPod touch, but would never buy any other Apple product. As has been said already, their hardware is priced a lot higher than it should be.

I do have to wonder though, how exactly did Apple innovate with it's phone? The thing Apple has been really good at is marketing and selling it's product.

As a cool-to-bash company Apple is hipster whenever you need to accuse their user-base of being pretentious/anti-conformists and mainstream whenever you need to accuse them of being mindless sheep.

So basically whatever's most convenient for your rant. Kind of like how Cars and Software are Completely the same for the purposes of pro-used arguments but Completely different for the purposes of anti-DRM ones.

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