Apple Investors SMIRK at Samsung
Apple (NASDAQ:AAPL) was grinning on Tuesday after a U.S. court banned sales of Samsung’s Galaxy Tab 10.1 tablet while it decides on a patent dispute between the two companies. Apple has claimed that Samsung infringed its design patent for the iPad by copying its look with the Galaxy Tab, which is considered by most analysts to be the iPad’s biggest rival.
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The ban only applies to an older edition of the Galaxy Tab — Samsung will still be allowed to sell the Galaxy Tab 10.1 II, the tablet’s new edition, in the U.S.
U.S. District Judge Lucy Koh had previously denied Apple’s appeal for an injunction on the Galaxy tablet and smartphones ahead of a patent trial, which is scheduled to begin in California on July 30, but she was asked by a federal appeals court to reconsider Apple’s request on the tablet PC.
In issuing her new ruling, Koh said, “Although Samsung has a right to compete, it does not have a right to compete unfairly, by flooding the market with infringing products.”
Shares of Apple (NASDAQ:AAPL) are in the green today just under $575 per share.
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