News of Samsung’s defeat to Apple has worked not well for the Korean group with the market reporting its stock swoon overstates after Apple’s triumph in the court.
Reports from the market are confirming that Samsung Electronics' (005930. KS) shares have reported a drop in their value by approx $12 billion after the California jury ruled the case in Apple’s favor and posed a fine of $1 billion at Samsung for infringing Apple’s patents.
But, it seems that the news went not so harsh for Samsung as the company has well over taken its rival in another bigger markets like China, where patents aren't in any dispute and luckily Samsung holds a share of 21 percent in its smart phone market.
It has still not washed off the risks of increasing the fine value over Samsung’s head completely as possibilities still exist that the judge can triple the damages announcing Apple to be winning the injunction of blocking Samsung from selling its phones and tablets in the United States.
Samsung and Apple not only share this so-called hate relationship of competing in smart phones and tablets but Samsung is also the key supplier of chips and screens to Apple. And with this, people can easily guess who need whom? Going right, if you are guessing that Apple needs Samsung more than vice versa.
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