YOU ARE HERE: LAT HomeCollections

Apple stock rises 3% after victory in Samsung patent suit

August 27, 2012|By Andrew Tangel
  • The Apple logo at a store in Tysons Corner, Va.
The Apple logo at a store in Tysons Corner, Va. (Karen Bleier / AFP/Getty…)

Shares of Apple Inc. were poised to rise in early trading following the technology company's victory against Samsung in a patent lawsuit.

A federal jury in San Jose awarded Apple $1 billion in damages Friday after finding Samsung's smartphone designs too closely resembled the mobile devices of the Cupertino, Calif., company.

In pre-market trading, Apple stock gained $18.98, or 3%, to $682.20 a share shortly before the opening bell on Wall Street.

Samsung's shares fell 7.5% on the Korean Stock Exchange.

The federal judge in the case is expected to rule in September on whether Samsung can continue selling phones at U.S. stores.


Apple shares rise after it prevails in Samsung case

A big win for Apple, but possibly a loss for consumers

Apple-Samsung jury reconsidering two issues in patent case

Los Angeles Times Articles