Samsung took over from Apple as the top smartphone maker in the third quarter of 2011. Therefore the ruling by a US court to reject Apple’s bid for an injunction against the sales of Samsung’s Galaxy smartphones and tablets, was very important indeed, if the South Korean company is to continue its momentum.
California Judge Lucy Koh said: "It is not clear that an injunction on Samsung's accused devices would prevent Apple from being irreparably harmed." While this is only a temporary ruling, and with Apple still likely to win out in the overall lawsuit, it does allow Samsung to continue to take market share from Apple in the run-up to Christmas.
Last April, Apple sued Samsung, claiming that the Samsung Galaxy smartphones and tablet were “slavishly copying” the iPhone and iPad. Since then there has been many allegations and counter-allegations with the result being that Apple and Samsung are now entwined in a legal battle encompassing 20 different lawsuits in 10 countries.
As a result of the court’s judgement, Samsung’s share price rose by two per cent, indicating how important investors and analysts see the US market for the South Korean company.
Bolstered by the success of the Samsung Galaxy S2, the TrustedReviews Phone of the Year, Samsung’s telecommunications division reported a $2.2 billion profit for the third quarter.
Analysts believe that had Apple succeeded in securing the injunction, it could have cost Samsung up to $1.5bn in lost revenue in the fourth quarter.
The two technology heavyweights will go to trial in the US on 30 July next year.
Source: Reuters
California Judge Lucy Koh said: "It is not clear that an injunction on Samsung's accused devices would prevent Apple from being irreparably harmed." While this is only a temporary ruling, and with Apple still likely to win out in the overall lawsuit, it does allow Samsung to continue to take market share from Apple in the run-up to Christmas.
Last April, Apple sued Samsung, claiming that the Samsung Galaxy smartphones and tablet were “slavishly copying” the iPhone and iPad. Since then there has been many allegations and counter-allegations with the result being that Apple and Samsung are now entwined in a legal battle encompassing 20 different lawsuits in 10 countries.
As a result of the court’s judgement, Samsung’s share price rose by two per cent, indicating how important investors and analysts see the US market for the South Korean company.
Bolstered by the success of the Samsung Galaxy S2, the TrustedReviews Phone of the Year, Samsung’s telecommunications division reported a $2.2 billion profit for the third quarter.
Analysts believe that had Apple succeeded in securing the injunction, it could have cost Samsung up to $1.5bn in lost revenue in the fourth quarter.
The two technology heavyweights will go to trial in the US on 30 July next year.
Source: Reuters
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