Apple Recap: Samsung’s Damages and Chinese Troubles
It’s a sour Monday for the world’s largest technology company as Apple’s (NASDAQ:AAPL) shares settle once more into their familiar — yet disappointing — path downward. The problem is that “something big” has been coming for a long time now, and everybody is tired of waiting. That sentiment has been transferred to Apple’s stock, currently down 28.45 percent year-over-year and down 19.37 percent year-to-date. Investors are waiting for the stock to buck the trend or continue to fall and find a floor. After another rough treatment in the Chinese media — prompting concerns for Apple’s market share in the country — and a rising tide of general market negativity, the stock ended the day down $13.75, or 3.11 percent, at 428.91. Here’s a cheat sheet to today’s top Apple stories:
Could Apple Take More of Samsung’s Money?
It seems the idea that Samsung (SSNLF.PK) was getting off lightly after U.S. District Judge Lucy Koh eliminated almost half of the damages it owed Apple was spoken too soon as the case could turn out quite differently. While the original case ended with Samsung owing Apple $1.05 billion in damages for more than 28 different smartphones that infringed on Apple patents, Judge Koh later struck down the damages from 14 of the devices and put them off for a retrial.
Now it appears that those 14 devices — which made up less than half of the total damages — could turn out to be even more valuable for Apple than they had originally been… (Read more.)