Samsung shares up on Galaxy line sales ban rejection in the US

Samsung shares up on Galaxy line sales ban rejection in the US
Shares of Samsung Electronics were up 2% on the news that came after the market close on Friday that some phones and tablets from Galaxy line won't be banned in the US as Apple had requested.

Samsung would have been hit with up to $1.5 billion of lost revenue had the injunction taken place, and that would have been a major setback for its telecom business which recorded $2.2 billion of profit last quarter on high-flying Galaxy line sales. Moreover, this would have affected the sales volumes in a major way, just when Samsung surpassed Apple as the world's largest cell phone maker by volume - with the release of the iPhone 4S in Q4 and an eventual sales ban all bets were off.

Still, the main lawsuit is in full motion and the final hearings are set for July next year. Samsung might still be required to pay up if Apple's patent requests are deemed valid by the court, but between the ban lift in Australia and the ban rejection in the US, things are looking better for Samsung.

source: Reuters



1. GeekMovement unregistered

it better look better for samsung because we all know these requests from apple are too harsh and an act of jealousy. No black devices, no rounded corners, no good looking devices, shut up already.

2. SlimSoulja86

Posts: 660; Member since: Nov 03, 2011

if you can't beat them, ban them. If they're going to beat you, ban them. if they're your real competition, ban them. If deep down you know they make better phones than you, ban them. If you realize your popularity is about to be, well, unpopular, ban them. And the list goes on, Apple is pathetic if you ask me, #LoveMyiPhoneThough, but Apple as a brand is looking more and more pathetic. In my opinion, what they're doing is blocking innovations from exploding. You can't be the best forever you know, especially when you steal iDeas from other people, and supplied by other manufacturers. #JustMyOpinion

3. SlimSoulja86

Posts: 660; Member since: Nov 03, 2011

All iFans, this should be a sign that your Apple is afraid, I mean very afraid of Samsung, if y'all don't get it, then you must be brain washed by Applet, lol. Apple is really afraid [by d way I don't care which OS is better, cos I have iPhone 4 and Samsung Galaxy tab 10.1, so I'm not a fan or iether iOS or Android, I love both OS', and I'll never chose one over the other, cos they both serve differently, And I think it's a good idea to use both, but I'm sure iOS fans are like "NO WAY", I'm just against ppl tryin to stop innovation and invention, that's all]

4. Tech.Guru

Posts: 4; Member since: Dec 01, 2011

This is true. But all manufacturers should respect others invention. Not just copy / steal the invention then escaping through the loophole in the legal system. This is what most of the Manufacturers do.

5. wackyjazz

Posts: 10; Member since: Apr 11, 2011

But some of these lawsuits are just crazy. What would have happened if Ford patient the idea of the steering wheel being on the left side for US cars and using a device called the gas petal to make the car move forward? Yet, every car manufacture in the world uses these two devices. There has to be some give and take on these electronic devices. I mean after all how can you patient a device that is square? Black? White? And call that innovation? What would have happened if someone way back had patient the number pad on a phone? There would be no iPhone, Android, or Windows phone.

7. SlimSoulja86

Posts: 660; Member since: Nov 03, 2011

Tech.Guru, can you please tell what it is that Apple invented? Please tell me, please do tell me.

8. SlimSoulja86

Posts: 660; Member since: Nov 03, 2011

Cos they have MACS, computer were not invented by Apple. iPOD, MP3 players were not invented by Apple, and iPod design was stolen. iTUNE, the concept was already there. iPHONE, ahmm! there we phones pre-2007 with touch screens right?, I dont know, I might be wrong.

6. dvancleave

Posts: 32; Member since: Jul 19, 2010

This is indeed good news! The patent office obviously has granted way too many trivial patents in the mobile device arena. And Apple has proven to be just the kind of company to capitalize on it. Their latest "suggestions" to Samsung regarding the design of their Galaxy Tab 10.1(n) is ridiculous! If Apple is allowed to proceed in this fashion, it won't be long before it spills over into other markets. Who wants a circular TV screen? And I wondering when Apple will file a suit against Fruit of the Loom for having an apple picture in my undies.

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