- Posted August 28, 2012
- Tweet This | Share on Facebook
Apple stock jumps on $1B Samsung verdict
![](/Content/LegalNews/images/article_db_image1.jpg)
NEW YORK (AP) -- Apple's $1 billion court win against Samsung is translating into a much bigger jump in its market value.
Apple shares were up $19, or 2.9 percent, at $682.22 in premarket trading Monday.
That boosts Apple Inc.'s market capitalization by $18 billion. If the stock stays at that level in regular trading, it will also be a new all-time high for the company.
Late last Friday, a nine-person federal jury in Silicon Valley found that some of Samsung's products illegally copied features and designs from Apple's iPhone and iPad.
Investors appear to be betting that the verdict will make it harder for Apple rivals to ride on the iPhone's coat-tails.
Samsung Electronics shares fell 7.5 percent in Korean trading. Shares of HTC, which makes smartphones similar to Samsung's, fell 1.9 percent on the Taiwanese stock market.
Published: Tue, Aug 28, 2012
headlines Oakland County
headlines National
- Michelle Behnke looks to build community and strengthen the ABA with new strategic plan
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- New research about legal operations is ‘at a crossroads,’ consortium leaders say
- You were probably not taught to market yourself; now what?
- Which BigLaw firms pay the highest starting salary?
- Netflix’s true-crime documentary about woman stalking man flows like book you can’t put down