Since the Apple Inc.(NASDAQ:AAPL) vs. Samsung verdict last week, there have been several new developments related to the case. December 6 has been set as the day when the court will hear Apple’s request for a permanent injunction against Samsung’s smartphones.
This is likely to postpone the fallout of last week’s verdict for both the companies. Apple seeks preliminary injunctions against 8 Samsung devices and will fight for their permanent ban. Whether the hearing on this issue, which had been originally scheduled for September 20, will also be postponed is not clear.
Can AAPL Hit $1000 By this year? Find Out Here
The judge who made the announcement, Lucy Koh, mentioned in the order that it would be appropriate to consolidate all the post trial motions, instead of having them one at a time. Then there is Samsung’s request to do away with the ban on its Galaxy Tab 10.1 which is also scheduled to be heard on September 20. The jury was with Samsung on this issue.
Last week, a U.S. jury had imposed a $1.05 billion fine as damages on Samsung after finding it guilty of copying features of Apple’s iPad and iPhone without permission; this had been considered as a huge victory for Apple.
Investor worry over the possible impact on Samsung’s smartphones sales in the holiday season later this year resulted in a sharp dip in the price of the Samsung scrip as soon as the verdict came in. The stock however bounced back and the price is now just 4.6% below the price before the verdict.