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Apple (NASDAQ:AAPL) fell 2.4 percent to $420.05, which represent a new 52-week closing price for the stock that had touched the $700 mark less than six months ago. It was just another day in a string of negatives the iPhone maker has dealt with in the past few months. Here’s a cheat sheet to the top stories around the stock on the day:
Samsung Wants More Cuts
Samsung (SSNLF.PK) was granted a fairly large reprieve when a judge last week cut the Korean company’s total damages due to Apple in a patent-infringement case by about 45 percent. But the Galaxy maker believes it can get additional relief on the punishment that was originally worth $1.05 billion and awarded last August by a jury. Samsung said on Monday it would seek a further review of patent damages awarded to Apple.
“We are pleased that the court decided to strike $450,514,650 from the jury’s award,” Samsung spokesman Nam Ki Yung said. “Samsung intends to seek further review as to the remaining award”… (Read more)
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