Apple Seeks to Block Samsung Sales

Photo of 247sam
By 247sam Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Now that Apple Inc. (NASDAQ: AAPL) has successfully argued Samsung has infringed on its patents, Apple is now looking to take Samsung devices off the markets.

Apple is looking to ban eight different products of Samsung’s: Galaxy S 4G, Droid Charge, Prevail,  S2 AT&T, S2 Skyrocket, S2 T-Mobile, S2 Epic 4G and the S Showcase, according to a filing. This comes after Apple won more than $1 billion following a ruling that Samsung infringed on six of Apple’s patents.

If Samsung’s were banned, it would be a significant burden to the company’s top line. Samsung generated 16% of its 2012 revenue in the America’s as of June 30, according to Bloomberg.

“The evidence and weight of the case are heavily in Apple’s favor,” Jefferies & Co analyst Peter Misek told Reuters. “We expect there is a two-thirds chance of an injunction against Samsung products.”

A hearing on the matter will take place Sept. 20.

Apple shares reached an all-time high Monday, closing at $675.68.

Samuel Weigley

Follow him on Twitter: SWeigley

Photo of 247sam
About the Author 247sam →

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618