Apple up on Samsung win, analysts see problems for Android rivals

Advertisement
By Reuters | Updated: 27 August 2012 18:01 IST
Shares of Apple Inc looked set to open up 3 percent at a new lifetime high on Monday, after the iPhone maker won a bitter patent war against Samsung Electronics Co Ltd.

Analysts said the win strengthened Apple's position in the mobile devices market ahead of the iPhone 5 launch and could cement its dominance as companies using Google Inc's Android operating system may be forced to consider design changes.

Google shares were set to open nearly 2 percent lower.

Samsung shares slumped 7.5 percent, wiping more than $12 billion off the South Korean giant's market value.

Advertisement

Apple was awarded $1.05 billion in damages after a U.S. jury found the Korean company had copied critical features of the iPhone and iPad. The verdict could lead to an outright ban on sales of key Samsung products.

Advertisement

Shares of Apple rose to $681.19 in trading before the bell on Monday. They closed at $663.22 on the Nasdaq on Friday.

"While a ban would likely increase Apple's leading smartphone share in the U.S. market, we believe this verdict could lead to Samsung also delaying near-term product launches as it attempts to design around Apple's patents," Canaccord Genuity analysts said in a note.

Advertisement

While the victory does not cover new Samsung products, like the Galaxy SIII, Apple will push its case on these products in the near-term, Evercore Partners analyst Mark McKechnie said.

He said an all-out sales ban on Samsung products like the Galaxy S and SII, Nexus 4G and Galaxy Tab is unlikely.

Copyright Thomson Reuters 2012
 

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2025 hub.

Advertisement

Related Stories

Popular Mobile Brands
  1. Here's When the Oppo Find X9 Ultra Will Be Launched Globally
  2. Oppo Find N6 Appears at MWC 2026 Ahead of Showcase; March Launch Confirmed
  3. Here's When the Oppo K14 5G Will Launch in India: See Expected Specs
  4. Resident Evil Requiem Is the Highest User Rated Game of All Time on Metacritic
  1. NASA’s Carruthers Observatory Begins Mission to Study Earth’s Hydrogen Halo
  2. MacBook Pro (2026) Launched in India With M5 Pro, M5 Max Chips, Up to 16-Inch Display: Price, Specifications
  3. MacBook Air With M5 Chip, Up to 15.3-Inch Display Launched in India
  4. Capcom Spotlight Livestream Announced for This Week; Will Feature Pragmata, Mega Man: Dual Override and More
  5. Tanvi The Great Now Streaming on Prime Video: An Inspiring Autistic Hero’s Journey
  6. Aspirants Season 3 OTT Release Date Announced: When and Where to Watch it Online?
  7. Samsung Announces ‘Holi Hai’ Sale With Cashback on Bespoke AI Appliances
  8. Kiss of the Spider Woman OTT Release Date: Know When and Where to Watch it Online
  9. Vanchana OTT Release: When and Where to Watch the Courtroom Drama
  10. Xiaomi 18, Xiaomi 18 Pro, Xiaomi 18 Pro Max Early Leak Reveals Rear Camera Details
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.