Apple Loses Bid for New Trial and 3 Morning Hot Stocks Trading Today
Apple (NASDAQ:AAPL): Current Price $460.78
According to Reuters, US District Court Judge Lucy Koh overruled the jury’s finding that Samsung intentionally violated Apple’s (NASDAQ:AAPL) patents, thereby removing the possibility of the damages awarded against Samsung being tripled. This gives a breather to the Korean electronics giant, as a decision otherwise would have led to the original award of $1.05 billion in damages being revised to over $3 billion. However, both Samsung and Apple lost their bids to set up a new trial.