Apple shares down today because..

Apple shares down today because..


  • Apple shares (AAPL.O) fell 0.9 percent to $445.11 after Samsung Electronics scored a victory in the rivals’ long-running dispute over mobile device patents.
  • The International Trade Commission on Tuesday ruled that Apple Inc. violated a patent owned by Samsung Electronics, essentially banning the import of a variety of Apple products, including the iPhone 4 and the iPad 3.
  • Apple and Samsung are still battling out in California federal court.
  • Apple won Round 1 last year, with its decisive $1.05 billion
  • jury verdict. And Round 2 — pertaining to a host of separate
  • Samsung products — is set to go to trial early next year

Categories: Equity Capital Markets

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