Shares of Apple Inc.(NASDAQ:AAPL) gapped
up this morning and rose 1.85% to $595.87, on the way to hit $600 mark after
falling below this level in the past week on dissapointing earnings.
The high-profile and high-stakes court
battle between Apple Inc. (AAPL) and Samsung Electronics Co., over patent
infringements, is set to kick off later today with selection of the jury for
the trials.
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Samsung, which overtook Apple as the
world's largest maker of smartphones earlier this year, has been accused by the
iPhones and iPads maker of copying the designs of its mobile phones and
tablets.
If Apple wins the battle, Samsung faces
a potential ban on the sale of its Galaxy smartphones in the U.S. It was the
new generation Galaxy phones which have propelled the Korean consumer
electronics firm into the top league overtaking both Nokia and Apple in the
fast-growing smartphone market.
While Apple will be trying to prove that
Samsung wilfully violated copyright regulations, Samsung will counter that
Apple's tactics are intended to stifle competition in the segment.
The trial is expected to drag out over
four weeks with the 10-member jury expected to hear and consider documentary
evidence from all sides, before arriving at a decision that may go either way.
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Observers who have been watching the
developments since last year, when Apple made the first move when it sued
Samsung, feel that the U.S. company has an edge since the jurors will be from
the Silicon Valley.
The jurors are xpected to be impartial
and decide the case on its merits but the fact that Apple is one of the largest
employers in that region could probably weigh in its favour.
Shares of Apple were up nearly 2 percent
in early trades on the Nasdaq while that of Samsung Electronics (005930.KS)
closed up 3.4 percent earlier on the Korea Stock Exchange.
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