Samsung Shares Drop after Loss in Patent Infringement Battle

Monday, August 27, 2012

Shares of Samsung Electronics fell by almost 7.5 percent in trading in Asia today, investors no doubt responding to the decision against the electronics company by a federal jury in California. On Friday, the jury ordered that Samsung pay its rival Apple more than a billion dollars in damages for patent infringement.

Samsung was found to have copied the sleek and popular designs of Apple products like the iPhone and the iPad. The company says it intends to appeal the decision.

What does this mean for the consumers? Technology analyst Patrick Moorhead is the President and Principal Analyst of Moor Insights and Strategy in Austin, Texas.


Patrick Moorhead

Produced by:

Elizabeth Ross

Comments [1]

Angel from Miami, FL

The post-Jobs Apple is scared they might not have the internal leadership to continue innovating in the computer industry. So they're slowing down competitors through legal action when they should be coming up with more advanced technologies.

One thing Steve Jobs was good at was hiding the fact that Apple products were slow to adapt features consumers wanted and the fact that a lot of Apple's innovations were improvements on Microsoft technologies. That pinch-zoom thing is a variation of Microsoft's two-finger zoom from their Surface product of 2001.

Sep. 27 2012 07:34 AM

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