“Shares of Samsung Electronics Co Ltd extended falls on Wednesday, as the smartphone maker awaits a U.S. decision on Friday as to whether some of its phones and tablets infringed on Apple Inc’s patents and should be banned from imports into the country,” Reuters reports.
“Samsung Electronics fell more than 2 percent to 1.228 million won ($1,100) by 0207 GMT,” Reuters reports.
Full article here.
Late last week, “the U.S. administration overturned a ban on sales of some Apple phones and tablets, giving a boost to the U.S. rival in a bitter patent war,” Hyunjoo Jin reports for Reuters.
“Samsung Elec shares have been down nearly 20 percent since June on worries about slowing smartphone sales growth,” Jin reports.
Full article here.
MacDailyNews Take: We will so enjoy slavish copier Samsung’s ultimate comeuppance.
Related articles:
Why Samsung may fear Obama administration’s U.S. ITC Apple ban veto – August 5, 2013
Samsung sheds over $1 billion in market value after U.S. Trade Representative Froman vetoes Apple ban – August 5, 2013
How the ITC blew it, forcing a presidential veto in the Samsung-Apple patent case – August 5, 2013
Apple: ‘Samsung was wrong to abuse the patent system’ – August 5, 2013
South Korea concerned about U.S. decision to overrule Apple iPhone, iPad sales ban – August 5, 2013
Obama administration vetoes Apple iPhone sales ban in U.S. – August 3, 2013
Google ready to ditch Android over its intellectual property issues? – July 29, 2013
Right on!
Payback’s a bitch, ain’t it?
Samsung couldn’t find their own arse with both hands and a detailed set of technical drawings!
=:~)
Bummer 😛
Butt hurt much, Samsung? For once, something went right for Apple this year after a rather dismal and disappointing first half. Although I’d prefer Apple shares to go up than Samsung shares going down. Samsung’s losses aren’t really helping my portfolio in the least.
Did it ever occur to you that prices of shares of Samsung and Apple may be considered substitutes by investors? Therefore, with Samsung shares down — due to expectations of lower sales of its knock-offs and/or adverse rulings on intellectual property — it may mean upside potential for Apple shares? The share prices of these two companies may be somewhat interrelated. Same goes for Google.
Probably just more market manipulation. They ran the stock up and looked for the first excuse to start dumping shares.
Funny though how little their fall is reported as opposed to the continuous mention of apples share fall even on stories that relate to Apple renewing its coffee machines.
Yah know though we will endless clueless posts if this ban takes place from the Fandroid once again disingenuously ignoring the difference between SEP/FRAND and design patent infringements saying idiotic stuff like our government is protecting Apple, it’s so unfair, Apple started it, Apple is copying Samsung, poor poor Samsung who didn’t do anything, Samsung innovated first, and other denial of reality inanities, etc.
Hey, where is “slimon” in all this? Come on, slimey . . . crawl out of your hole and let us have it! “Apple’s dying, Apple fanboys are stupid, etc., etc., etc.” Anything to say now, slimey?
Take that Samsung! Samsung stock will keep dropping and their stupid phone will start blow up and burn down people houses due to the poor design and overclocked hardware to please those spec moron out there~~~ Haa~Haa!~
Android fans would boast about this being more proof Apple are dying, but now the shoe is on the other foot, I’m sure their defence’s will be creative. Wouldn’t be surprised if their response is the same as the apple fans, you know, take what apple has done and copy it.