Apple
Inc.(NASDAQ:AAPL)’s victory against electronics giant Samsung, has catapulted
its stock just after the verdict was declared in favor of Apple. Monday was the
first day of trading after the landmark ruling and the shares of Apple broke
its own records of its earlier best at $668.87 to reach $675.68 at the end of
trading, by shooting up 1.88%. However, shares of AAPL fell 0.13% to $674.80 on
Tuesday.
Thanks to
the rally in stock, the market value of Apple went up to $633.39 billion, which
is more than a 12 billion climb! Samsung’s shares, as expected, fell by 7.5% on
Monday.
The
verdict of Samsung’s violation of six out of seven patent claims by Apple was
deliberated by a jury in a San Jose
court, which also led to Samsung being ordered to pay $1.05 billion in damages.
Apple has refused to let matters rest by filing a claim to stop sales of 8
handsets that infringes the patents in question, requesting for an injunction
till the final verdict is given. Samsung has appealed on Sunday to void the
prior preliminary injunction against the Galaxy Tab 10.1 that does not
breach Apple’s D’889 iPad design patent. In lieu of a damages hearing, Samsung
has also appealed to the court to keep Apple’s $2.6 million bond.
This
victory might bring about tremendous changes in the smartphone market, which
was being dominated by Samsung all this while, because they may have to scrap
exisiting hardware/software and go in for a complete redesign. Apple’s latest
version of iPhone will get immense publicity thanks to this win and rumors are
circulating that the company might go after HTC, LG etc.
Nokia is one third party corporation that might
be helped by Apple’s win because it is coming up with an upgraded version of
its anchor product Lumia by collaborating with software giant Microsoft. If the
injunction against Samsung is actually put into place, various carriers like
Verizon Communications, AT&T, and Sprint Nextel Corporation will
suffer and their profits will come down. Qualcomm’s position looks slightly
better because both Apple and Samsung use its components. Due to the win, other
names in the industry might need to redesign their software in present and soon
to be launched products.
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