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

22 Comments

    1. Yeah well, have fun with China: Criminal Nation. When the core of a country is corrupt, (a consistent trait of communist rule), don’t expect sanity or justice. The outcome of the Proview scam pointed that fact out beautifully. There is only more of the same in store.

  1. Samsung will rue the day it slavishly copied, over and over and over again.

    Still gets me, makes me laugh, that Scamsteal tries to make Apple look like it’s denying the world their unnovative products when it’s really them by copying Apple deny’s the world innovative and unique Samsung products with their own take. How disingenuous and lame can you get? Stealscum must really think people are stupid with utter contempt icing on top.

    1. Unfortunately, all the iHaters are buying into it. All of a sudden, you start seeing idiotic comments like, “Samsung Forever!” and “Because of this I will now buy the Galaxy SIII instead of the upcoming iPhone 5.” etc. It’s really funny in a pathetic way.

  2. Apple shouldn’t even be required to submit specific Samsung models to the court. Samsung will simply make a small modification to the GS 3 and release it as a new model. The court should be required to comb through Samsung’s current line-up and identify and ban models based on the patents that Samsung was found to infringe. And every time Samsung wants to introduce a new phone, they should be required to obtain approval from the court before it can be sold.

  3. The courts would never allow a ban on the Galaxy S III or any other current mobile device because they’d claim it would cause irreparable harm to Samsung and take away consumer’s choice.

    As much as I’d like to see it happen, it isn’t going to happen. The powers that be can’t allow Apple to have that much freedom to take control of the mobile industry. Anti-Apple factions wouldn’t allow that to happen. I’m sure Google has friends pretty high up in the government that would put a stop to that. Samsung is Android’s best hope of challenging Apple. Once Samsung is out of the picture, Apple owns the mobile industry. Apple might get some sort of compensation from those named devices, but an outright ban is out of the question.

    1. That’s if you believe that there’s one way to build a smartphone, and Apple got there first. If you believe there’s more than one way, this logic falls apart.

    2. The idea of “consumer choice” should not enter the picture. It is up to manufacturers to provide true choice. Simply ripping off the designs and IP of another manufacturer are not offering choice. It is only inviting theft. “Consumers” will buy products that “fall off the back of truck” to save a buck. That is not choice. Samsung, via Android, is offering knock-offs of Apple inventions. This is really simple: Google and Android smartphone manufacturer need to either license Apple patented inventions or come up with there own methods for delivering the smartphone environment that Apple created.

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