Samsung Shares Drop $12 Billion
By Will765 On 27 Aug, 2012 At 11:40 AM | Categorized As News | With 0 Comments

Following Apple’s $1 billion dollar verdict in California, the electronics giant lost 7.5% of it’s value in heavy trading Monday.  Of course, Samsung will appeal the ruling, and who knows how long the courtroom drama will drag out.  And in the long run,  Apple has to rely on Samsung for the processors used in it’s own smartphones.  So the relationship between the two companies is very convoluted.  Another factor is  that Samsung owns about  65,000 patents compared to around 9,000 for Apple, so somewhere in that huge portfolio is likely something Samsung can use against Apple.

As these companies fight it out, Microsoft is one of the potential surprise winners in this ruling.  It’s Windows mobile operating system may start to look more attractive, with all the uncertainty surrounding other platforms.  And an overall loser could be Google, as it’s android operating system takes a hit with this ruling.  With Apple planning to file for a sales injunction in September, this case is far from over.

About - Bill Anderson posts under the clever alias will765. Gets to work from a home office for a piano moving company, in glorious Lake Hopatcong, NJ. Pretty new to android, but love technology and have been building my own(and friends)pc's for about 15 years

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