Reuters: Global Markets: Apple up on Samsung win, analysts see problems for Android rivals

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Apple up on Samsung win, analysts see problems for Android rivals Aug 27th 2012, 11:53 Tweet Share this Email Print Related News Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal 8:24am EDT Samsung shares drop $12 billion after Apple's court victory 6:57am EDT With Samsung win on Galaxy Tab, judge may reconsider U.S. ban 1:03am EDT Apple triumphs over Samsung in landmark patent case Fri, Aug 24 2012 Apple triumphs over Samsung, awarded over $1 billion damages Fri, Aug 24 2012 Related Topics Hot Stocks » Asian Markets » The logo of Apple is seen on a product displayed at a store in Seoul August 24, 2012. Credit: Reuters/Lee Jae-Won Mon Aug 27, 2012 7:53am EDT (Reuters) - Shares of Apple Inc (AAPL.O) looked set to open up 3 percent at a new lifetime high on Monday, after the iPhone maker won a bitter patent war against Samsung Electronics Co Ltd (005930.KS). Analysts said the win strengthened Apple's position in the mobile devices market ahead of the iPhone 5 launch and could cement its dominance as companies using Google Inc's (GOOG.O) Android operating system may be forced to consider design changes. Google shares were set to open nearly 2 percent lower. Samsung shares slumped 7.5 percent, wiping more than $12 billion off the South Korean giant's market value. Apple was awarded $1.05 billion in damages after a U.S. jury found the Korean company had copied critical features of the iPhone and iPad. The verdict could lead to an outright ban on sales of key Samsung products. Shares of Apple rose to $681.19 in trading before the bell on Monday. They closed at $663.22 on the Nasdaq on Friday. "While a ban would likely increase Apple's leading smartphone share in the U.S. market, we believe this verdict could lead to Samsung also delaying near-term product launches as it attempts to design around Apple's patents," Canaccord Genuity analysts said in a note. While the victory does not cover new Samsung products, like the Galaxy SIII, Apple will push its case on these products in the near-term, Evercore Partners analyst Mark McKechnie said. He said an all-out sales ban on Samsung products like the Galaxy S and SII, Nexus 4G and Galaxy Tab is unlikely. (Reporting by Sayantani Ghosh and Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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