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Archive for August 25th, 2012
Samsung guilty of patent infringement, Apple awarded nearly $1.05B
Jurors deciding the patent Apple v. Samsung suit have reached a verdict, finding Samsung to have infringed on certain Apple patents, according to in-court reports from The Verge. The damages owed total nearly $1.05 billion for Samsung and zero for Apple.
Leave a commentApple Hits New Highs as Tim Cook Celebrates One Year as CEO
On August 24 one year ago Steve Jobs stepped down from the Apple’s CEO post which he held for more a decade and Tim Cook took over the company’s management. After the announcement, Apple's stock dropped more than 5% in after hours to $351.
But now Apple is the most valuable publicly-traded company in the world. Its current share price is $668, gaining more than 75% year-over-year. With Cook in charge, Apple released the iPhone 4S, the new iPad, the Retina MacBook Pro, Mountain Lion and previewed the next version of iOS.