“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.
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