Win in the US surges Samsung's share price in Korea
Since April a patent war is underway in different parts of the world where Apple and Samsung are trying to win their respective appeals over the other. But this time Apple lost a bid to block the sales of the Korean company’s Galaxy phone and tablet computers in the US.
This also leads to rose in Samsung’s share in Seoul trading. Samsung gained 1.5 percent to 1.06 million won ($886) at the close of trading in Seoul.
The US district Court in San Jose, California, on December 3, ruled against Apple’s plea to ban the Samsung from selling its 4G Smartphone and Galaxy tab 10.1 in the country.
By now there are about 30 suits against which both the giants are busy in filing the cases against each other in four continents since April.
But it seems that the situation is now turning towards the favor of the Samsung and in the best case for Samsung, they will receive patent fees from Apple. According to Trip Chowdhry, an analyst at Global Equities Research, the conflict is not over yet and it’s getting convoluted further. He also added that he doesn’t believe it will ever end but a negotiated settlement will occur later, but not soon.
However, in Australia Apple won over Samsung in blocking the shipping of tablets till mid-December. In October, Samsung changes the way photos are browsed on three Galaxy phone models for the Dutch market to overcome the injunction won by Apple in August. Samsung has also modified the design of the tablet last month and renamed it Galaxy tab 10.1N to avoid German sales ban of the Galaxy tabs.