Tuesday, 28 August 2012
Samsung Shares Drop $12 billion In Lieu of Verdict and Potential Ban
Samsung Electronics Co.’s market value dropped a whopping $12 billion today in lieu of Friday’s ruling which ordered the Korean electronics company to pay over $1B in damages from patent infringement. Despite Samsung’s wide array of products and services, phones and tablets make up roughly 70% of the company’s earnings.The ruling isn’t the only factor affecting the plummeted shares as Apple is currently seeking a ban on eight of Samsung’s smartphones, among them the widely popular
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