Thursday, August 23, 2012

Apple Inc. (NASDAQ:AAPL) and Samsung Have to Wait for the Final Verdict Now

Apple Inc.(NASDAQ:AAPL) and Samsung made their final pitches to the jury prior to a verdict later this week that will bring to closure a 3-week courtroom drama that saw allegations being hurled and startling evidence being made public.

In its closing arguments Apple said that Samsung had taken a shortcut to success by copying the designs of its iPhones and iPads, when it found that it could not keep up.

Apple attorney Harold McElhinny said that Samsung developers had worked day and night to copy Apple's designs and incorporate all that it had developed in its four years of research and used it for Samsung’s own phones with a minimum of risk.

Get Complete Analysis on The Ongoing Patent case Here 

At the San Jose federal court, Samsung's lawyers countered saying that any verdict in favour of Apple would create a monopolistic situation that would stifle competition.

"Rather than competing in the marketplace, Apple is seeking a competitive edge in the courtroom," Charles Verhoeven said. "(Apple thinks) it's entitled to having a monopoly on a rounded rectangle with a large screen. It's amazing really."

The Apple battle with Samsung is being seen as proxy war between iOS and Google's Android, which run on more than half of all smartphones sold globally. Samsung's Galaxy range of phones have gained the popularity they have partly due to the Android operating system, which offers millions of apps that can be downloaded for free.

Before he died, Apple co-founder Steve Jobs told his biographer he intended to go "thermonuclear" on Android, saying it had copied Apple.

Samsung has a lot to lose if it loses this case as it faces a ban on the sale of both its Galaxy tablets and smartphones in the United States. It would also be liable to pay Apple more than $2 billion in damages.

At last check, shares of AAPL were trading lower by about 0.50% at $665.58 in the pre-open session.

1 comment:

  1. War between Samsung and Apple is on a great height and will be intensified in coming future. In fact Samsung is giving a good fight to Apple.


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