Samsung stock price falls as Apple eyes ban on new Galaxy SIII phone

“Samsung Electronics Co. fell in Seoul trading as Apple Inc. sought a ban on U.S. sales of new Galaxy smartphones, deepening their global patent disputes,” Jun Yang and Saeromi Shin report for Bloomberg.

“Samsung dropped 1.2 percent to 1,218,000 won at the close,” Yang and Shin report. “The stock tumbled 7.5 percent on Aug. 27, the first day of trading after a U.S. jury verdict found the South Korean company copied the iPhone.”

Yang and Shin report, “Apple accused Samsung of flooding the market with ‘copycat products’ and added the Galaxy S III smartphone to a list of models that the Cupertino, California-based company says infringe its patents. The device is the latest version in Samsung’s best-selling smartphone series and wasn’t yet on sale in the U.S. when Apple, which won $1.05 billion in damages in August, filed its first lawsuit last year…”

“The Samsung smartphones named in the complaint are: Galaxy S III – Verizon, Galaxy Note, Galaxy S II Skyrocket, Galaxy S II Epic 4G Touch, Galaxy S II, Galaxy S II – T-Mobile, Galaxy S II – AT&T, Galaxy Nexus, Illusion, Captivate Glide, Exhibit II 4G, Stratosphere, Transform Ultra, Admire, Conquer 4G, and Dart,” Yang and Shin report. “Other devices covered by the filing are the Galaxy Player 4.0 and Galaxy Player 5.0 media players, and the Galaxy Note 10.1, Galaxy Tab 7.0 Plus and Galaxy Tab 8.9 tablets.”

Read more in the full article here.

Related articles:
South Korea reassesses its great imitator, Samsung – September 2, 2012
Convicted patent infringer Samsung acuses Apple of trying to limit consumer choice – September 1, 2012
Apple files amended complaint, adds Samsung Galaxy S3, Galaxy Note, Note 10.1 to list of patent infringing devices – September 1, 2012

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