SEOUL, South Korea – Following the decisive court verdict on Samsung copying Apple designs, the shares of the Korean company saw its biggest dive in years.
In the meantime, the troubles of Samsung seem to be very useful for Nokia, who is witnessing one of its biggest jumps in share value. All this adds up with various attempts by Samsung to get out of this unpleasant situation, by trying to remove the ban on its Galaxy Tab 10.1, as it was not sanctioned by the court in San Jose.
The perspective that Samsung is to pay more than a billion dollars to Apple as a compensation was sure to be followed by a flux in the prices of the company’s shares. Samsung saw the price dropping more than 8% in a day, and only thanks to some defence strategies and statements that the real effect of the trial will be less than 5% drop in profits, the company managed to close the day at less than the 8% drop.
It seems that Samsung is planning to use the court’s decision in two different ways. As starters, by trying to remove the ban for selling Galaxy Tab 10.1 in the USA, as it was based solely on design plagiarism from Aplle’s iPad, while the court in San Jose clearly states that this patent of Apple was not infringed; on the other hand, Samsung is taking in account that most of its devices, for which it is held responsible, were actually sold by networks that did not offer the iPhone at all at that time, which means that the argument of Apple losing potential sales seems unjust. A quick account on those devices shows that such devices account for more than 75% of the compensation.
On the other side is Nokia and its strategic partner Microsoft, as the shares of the Finnish company saw a jump more than 10%. This is owing to the fact that the company is not involved with Android phones, and the Windows Phone operating system is considered a safer investment, as future devices will not be vulnerable over patent rights.