Bloomberg News

Apple Rises in Late Trading After Verdict in Samsung Patent Case

August 24, 2012

Apple CEO Tim Cook

Tim Cook, chief executive officer of Apple Inc. Photographer: David Paul Morris/Bloomberg

Apple Inc. (AAPL:US) rose in late trading after the company scored a victory in a patent dispute against Samsung Electronics Co.

A California jury found that Samsung infringed six of seven patents for mobile devices and awarded Apple more than $1.05 billion in damages.

Shares climbed to as high as $675.94 in late trading as the verdicts were delivered in federal court in San Jose, California. The stock had climbed less than 1 percent to $663.22 at the close today in New York.

To contact the reporter on this story: Tom Giles in San Francisco at tgiles5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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