Apple stock jumps on $1B Samsung verdict

[Omaha Steve]

Source: AP-Excite

By PETER SVENSSON

NEW YORK (AP) - Apple's $1 billion court win against Samsung is translating into a much bigger jump in its market value.

Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.

That boosts Apple Inc.'s market capitalization, already the highest in the world, by $11 billion to $633 billion.

In opening trading, Apple shares hit $680.87, a new all-time high.

FULL story at link.

Read more: http://apnews.excite.com/article/20120827/DA0TODB80.html

---

Isn't it time to bring the APPLE jobs to the USA?

[PatrynXX]

1. which is silly

since everyone hates them now. worse than the Microsoft monopoly of the 90's. anti capitalists and republicans loved steve jobs???

samsung are no angels. they made horrid dvd recorders. But then they had a shakeup and now their phones are top notch and don't have anything to do with apple. and if they start bumping into Linux, Linux could sue because Apple heavily ripped them off.

[PFunk]

2. I have to agree

and I was an apple fan from way back when woz still was part of the company. And when he left the company changed and started becoming (IMO) another Microsoft. And while I still a mac fan, and I think their OS is the best around. The only thing I'll buy from apple is an Ipod (and a used one at that). As of now out of principle I'll get/make a hacknitosh before I shell out for a actual mac.

(BTW: I also agree you about Linix)

[brooklynite]

3. I'm crying all the way to my investment portfolio...

[Xithras]

6. Your journey to the Dark Side is now complete....

Congratulations, you have now fully embraced the mindset of the Microsoft fanboys from the 1990's.

Apple 2012 = Microsoft 1998. Same crap, different toilet.

[brooklynite]

7. ...except, of course, that the Apple stuff works.

[savalez]

8. Apparently, what worked is their ad campaign.

"It Just Works"

Oh well, it's lunch time over here so I'm gonna have some finger-lickin’ good chicken and a cool refreshing beverage. Boy, you just can't beat the real thing.

[Xithras]

9. Except, of course, when it doesn't.

http://techcrunch.com/2012/07/05/apple-responds-to-app-crashing-issues-has-a-dedicated-team-working-on-a-fix/
http://www.macworld.com/article/1162877/mail_crashes.html
http://technorati.com/technology/article/apple-ipad-and-iphone-apps-crash/

http://www.techradar.com/us/news/computing/apple/devs-livid-at-apples-refusal-to-acknowledge-ios-and-mac-app-crashes-1088128

Took me about 10 seconds to collect those from Google. Of course, Apple is technically correct when it states that it's applications don't crash. They dont...they just "unexpectedly close".

Apples reputation for building quality equipment stems from the days when they built everything using top notch labor in the Silicon Valley. Nowadays it's all made in China, often in the same factories as it's competitors, and is no more or less reliable than anything else out there. My old G3 would run for months without a reboot. My 18 month old Macbook has been replaced once under warranty, and had to be rebooted weekly. My Dell Precision can make it several weeks between reboots (admittedly unfair, as you could almost buy three Macbooks for what I spent on the Precision).

Reliability is a canard. 10 years ago there was an argument to be made there. Today? Not so much.

[CountAllVotes]

4. Apple goes for broke now

Steve Jobs is now dead and gone and APPLE turns into just exactly what it never wanted to be.

I liked their computers for a long while and used one for a long while.

Today's "toys" don't interest me much but then again I don't have thousands of dollars a year to spend on the newest toy coming out next week made by APPLE.

[onehandle]

5. Samsung shares drop $12 billion after Apple's court victory

(Reuters) - Samsung Electronics shares slumped 7.5 percent on Monday, wiping more than $12 billion off the South Korean giant's market value, as a sweeping victory for Apple Inc in a U.S. patent lawsuit raised concerns about its smartphone business - its biggest cash cow.

Samsung, which says it will contest the verdict, was ordered to pay $1.05 billion in damages after a California jury found it had copied critical features of the hugely popular iPhone and iPad and could face an outright sales ban on key products.

"There are still too many variables including the final ruling to come at least a month from the recent verdict, and whether there will be a sales ban on Samsung's main sellers such as the Galaxy S3," said a fund manager at a Korean asset management company that was one of the biggest institutional holders of Samsung's stock as of end-March.

Shares in Samsung - the world's biggest technology firm by revenue - tumbled as much as 8 percent, its biggest daily percentage drop in nearly four years, to 1.173 million won ($1,000), before closing at 1.180 million won. The broader Seoul market fell 0.1 percent.

http://www.reuters.com/article/2012/08/27/us-samsung-shares-idINBRE87Q00120120827