FutureFive NZ - Apple shares increase after patent win

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Apple shares increase after patent win

Apple shares increased 2.3% following their high-court victory over rivals Samsung, with the company forecast to reach an all-time trading high.

Fresh from Friday’s US$1bn court victory, the world’s most valuable company posted shares of $15.48 at $678.70 in premarket trading on Monday to boost its market capitalization by $15bn.

After a Californian jury found Samsung guilty of ‘willful’ violations of a range of Apple patents, the company looks set to post a record increase in shares, providing stock stays at such levels during regular trading.

The market boost follows news Samsung shares fell 7.5 per cent in Korean trading, as investors react to the federal court verdict.

With Apple rumoured to release a mini iPad in October, along with the next generation iPhone in September, analysts expect the company to continue its dominance of the market as rivals no longer permitted to ride on their design coattails.

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