Ouch. Samsung shares apparently dropped a massive 7.5 percent today, after the verdict on their case against Apple found them at fault.
Samsung has to pay Apple over $1.05 billion but the real problem for the manufacturer, is the $12 billion in market value lost. Apple’s trading on the other hand, went from $663 to $679. Samsung has been very expressive about how they feel about the verdict, with a press statement and internal memoreleased vowing to “continue to do our utmost until our arguments have been accepted.”
Doesnt look like stockholders are very happy about it though. And with Samsung appealing the ruling and more drama coming soon, I’d imagine their stock price is going to take a massive hit. Bad times for the Korean manufacturer.
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