Samsung Shares Plunge 6.9% after Company Loses Patent Claim to Apple

28 August 2012 (09:14)

The share price of Samsung Corporation, which lost a patent case to the American company Apple in California Federal Court on Friday, August 24, decreased by 6.9% during Monday trading in Seoul, RIA Novosti reports.

The court declared Samsung guilty of violating Apple’s patent rights and made the offender pay its rival $1.05bn.

Samsung representatives announced earlier that they would appeal against this ruling.

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