Jacob Hall, Editor-in-Chief of TapSauce | BUSINESS | 08.27.2012 @ 3:00 pm
Today in “Apple Defeating Samsung in a Court of Law”:
After months of litigation, Apple has defeated Samsung in their epic patent trial. As part of the verdict, Samsung now owes the Empire That Jobs Built $1.05 billion, which is, uh, a lot of money. A lot. Like, nine zeroes worth of a lot. For the most part, the trial was a landslide victory for Apple, with the jury siding stating that Samsung “slavishly” copied the design innovations of the iPhone and the iPad, including screen shape and functions like “double tapping.” The Apple victory came swiftly, proving that Apple’s inherent popularity extends beyond the tech world and into the court room.
Today in “The Stock Market Reacts!”:
Naturally, the result of the lawsuit had an effect at the stock market. Apple skyrocketed to an all-time high of $682.07 per share while Samsun took a 7.5% plummet, costing the company $12 billion. Ouch doesn’t even begin to describe that.
Today in “Google Chimes in Meekly From the Sidelines”:
Although Google has been pretty quiet during this entire Apple vs Samsung mess (although since Samsung tablets and phones run on their Android software, you know who they were quietly supporting). The final verdict only marginally concerns the core of the Android OS, but Google released this statement;
“The court of appeals will review both infringement and the validity of the patent claims. Most of these don’t relate to the core Android operating system, and several are being re-examined by the US Patent Office. The mobile industry is moving fast and all players — including newcomers — are building upon ideas that have been around for decades. We work with our partners to give consumers innovative and affordable products, and we don’t want anything to limit that.”
Today in “Silver Linings”:
Samsung may have gotten trounced here, but they have to look on the bright side: at least the Galaxy Tab 10.1 escaped from the trial relatively unscathed. While Samsung has many expensive changes ahead of them, they should hopefully have their well-reviewed tablet back on the shelves soon. And while this blog post is strictly one man’s observation, it could be the beginning of an interesting trend that could shift people toward Samsung products. What do you think?