Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.
It appears Apple Inc. can thank an electrical engineer who was elected jury foreman for the $1.049 billion patent infringement verdict delivered last week against smartphone-producing rival Samsung Electronics.
After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off the innovative technology used by Cupertino-based Apple to create its revolutionary iPhone and iPad.
Apple Inc. filed a lawsuit against Samsung Electronics Co. last year alleging the world’s largest technology company’s smart phones and computer tablets are illegal knockoffs of its popular iPhone and iPad products.
A judge is ordering Samsung Electronics Co. to halt sales of its Galaxy 10.1 tablet computer while the court considers Apple’s patent infringement claims.
Zynga Inc., the maker of popular online games such as “FarmVille” and “CityVille,” is being sued for patent infringement by a Texas gaming startup.