News
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2012-08-27T14:12:15Z
You can file this one under Things Everyone Already Assumed, but a couple of reports noted that in the wake of Friday’s Apple vs. Samsung patent ruling (in case you didn’t already know, Samsung lost big time), Apple’s stock price was up this morning, while Samsung’s dropped.

Apple’s stock price opened today (the first day of trading since the verdict) at a record $680 per share, a notch above its old record of $674.88. (As of this writing, it’s settled a bit, down to $677.43) Meanwhile, Samsung saw a stock price drop of 7.5%.

Although Samsung is planning to appeal the decision, the company is currently on the hook for over a billion dollars in damages that will go directly into Apple’s pockets. A dwindling stock price will only add to the financial hit that Samsung is absorbing, as will the difficulties Samsung will likely face in the marketplace as some of its patent-infringing products may be yanked from shelves.


Apple's stock price on NASDAQ

The damage doesn’t end with Samsung, though; USA Today noted that Android handset maker HTC’s shares dipped almost 2%, and Google itself took a 1.45% hit to its stock value.

The only money Apple is losing today is on its champagne and confetti budget.
KAdair
2012-08-27T14:40:17Z

LOL, "The only money Apple is losing today is on its champagne and confetti budget."

Everyone rags on apple but its quite funny how they do so well. Don't get me wrong I will never buy an apple PC. What you get for the money doesn't compare to a windows pc. I will buy their iPhones, iPads, and iPods though. Yea, they lack some innovation features from android devices but the AppStore is what makes me keep coming back to those devices. But hey that's just me...

EGuerrero
2012-08-27T15:08:14Z

LOL, this war never end!

Erakith
2012-08-27T15:17:01Z

Forrest Gump gets richer every year it seems. :P

Jaybk26
2012-08-27T15:35:16Z

$1 Billion - Champagne + Confetti = basically $1 Billion

NKR
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2012-08-27T18:06:54Z

Glad to have no stocks in Samsung

NNK
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2012-08-27T18:47:50Z

@Above: Glad to have stocks in Apple :P

Lead_filler
2012-08-27T18:55:36Z

This is so unfortunate

Lead_filler
2012-08-27T19:03:43Z

It would be interesting to see what Steve Jobs would have said to this whole affair

PKumar
2012-08-27T19:10:01Z

This is just wrong and unfair

DDK
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2012-08-27T19:17:14Z

Scumbag Apple

NSadhasivam
2012-08-27T19:24:51Z

12 Billion ... Staggering

RRajan
2012-08-27T19:32:02Z

Stockholders should have been wiser..

RiCoFrost
2012-08-27T19:47:13Z

Who said crime doesn't pay :P

thunderdan602
2012-08-27T20:09:11Z

Well, if Samsung did wrong than it deserved to have the ruling upheld. I think they will be ok tho. HTC needs to quit putting out so many devices tho.