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Apple’s (NASDAQ:AAPL) stock is set for another leg up. The tech giant won more than $1 billion from Samsung after a jury concluded Samsung infringed six of seven patents for Apple’s mobile devices.
Although Apple won less than half the damages the company requested, U.S. District Judge Lucy Koh has the power to triple the damages under federal law. Either way, Apple walks away with a nice pile of cash AND a legal moat around their distinctive designs.
So, what does this all mean for shareholders? If you own Apple you can now expect markets to apply a premium to the stock as the company’s products will have more distinctive differentiation against competitors. If you own Samsung or other stocks such as Nokia (NYSE:NOK) or Google (NASDAQ:GOOG) which are exposed to hardware markets in which Apple competes, expect more money to be spent on design and a newfound inability to simply copy everything Apple creates. Basically, Apple just got a whole lot more powerful.
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