The first effects following the unfavorable verdict against Samsung regarding Apple patent infringements are beginning to emerge. Here are the repercussions.
The ruling in the legal proceedings between Samsung and Apple has been clear: according to the Californian court of San Josè, Samsung violated six Apple patents.
The Korean company has been ordered to pay $1.05 billion in damages, although during the lengthy legal process, it was also determined that the Galaxy Tab 10.1, a tablet on which the Koreans had bet heavily, was not copied from the design of the iPad, a direct competitor.
At least from this perspective, Samsung can count on the normal commercialization of the tablet, without any fear of potential requests for withdrawal from the US market.
Naturally, a verdict of this magnitude could not fail to have direct repercussions. Meanwhile, Samsung spokespeople have commented, stating that, in their opinion, such a verdict would be detrimental to American consumers themselves, as it would essentially endorse a system that reduces innovation and choice.
Furthermore, it has been pointed out that Samsung intends to appeal.
On the other hand, satisfaction was expressed by Apple executives, who commented on the court’s decision as a “strong and clear message. Stealing is not right.“
The reaction of the markets was also predictable and anticipated: from this point of view, Samsung emerged from this battered, to say the least.
As much as 12 million dollars in market capitalization was lost on the stock market: the stock fell 7.45% in Seoul after the Californian verdict, as reported by Il Sole 24 Ore, among others.
The game appears to be far from over: Samsung is determined to pursue the legal proceedings further, as evidenced by a communication to employees: commenting on the situation, the company’s management stated they are certain that customers and the market will understand that Samsung prioritizes innovation and will continue on this path.
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