Apple had a flawless victory over Samsung in the patent case last week, and the company has lost all the industry respect it had so far. Besides all these, looks like Samsung is loosing the trust its investors have in it, as the shares shrunk by 7.5%, which is a $12 billion drop than the normal share rate.
Hope the title of this post is sound and clear, and this is what Samsung has with it, after it was hit hard by Apple after it lost the huge patent case for copying Apple’s products. The patent case was a flawless victory for Apple, and now, Samsung’s share has gone down drastically after Apple’s share shot up to the high. As Reuters reports, Samsung’s shares dropped by $12 billion, which is a 7.5% drop in its share compared to the earlier days.
Samsung is definitely not having all the trust that its shareholders had earlier, as the company is trying to pull this case off again to regain its stability after the hard hit it took from Apple. The drama is not over yet, and another hearing has been scheduled to happen on September 20th under Judge Lucy Koh.