Apple Wins $1 Billion as Jury Finds Samsung Violated Patents Published: Friday, 24 Aug 2012 | 9:32 PM ET Text Size By: Reuters with CNBC.com
Apple scored a sweeping legal victory over Samsung Electronics on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
As for the countersuit, the jury found Apple did not violate any of Samsung's wireless standards or feature patents.
Shares of Apple [AAPL 663.222 0.592 (+0.09%) ], which this week became the biggest company by market value in history, hit an all-time high of $675 in after-hours trading. Click here for the latest after-hours quote.
The verdict, which came much sooner than expected, could lead to an outright ban on sales of key Samsung products and will likely solidify Apple's dominance of the exploding mobile computing market.
A number of companies that sell smartphones based on Google's [GOOG 678.63 1.83 (+0.27%) ] Android operating system may now face further legal challenges from Apple, a company that is already among the largest and most profitable in business history.
After the verdict, Apple's lawyers said they will file for a sales injunction against Samsung within the next seven days. The judge in the case set a Sept. 20 hearing on the proposed injunction......................>>>>.....................>>>>............................http://www.cnbc.com/id/48783982
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