3 Tech Titans Making Noise: Apple’s Trial Against Samsung, Cisco Shares Down, Google’s Android Dominates Market
Apple Inc. (NASDAQ:AAPL): Back in court for a “do-over trial” against Samsung, Apple is using the same formula, nearly step for step, that won the company its $1.05 billion award last year. Harold McElhinny — also the lawyer from 2012′s verdict — started by showing jurors the video clip played at the original trial, of Apple co-founder Steve Jobs introducing the iPhone at a 2007 conference, and then recited the same Samsung internal emails that he brought forth at the first trial. Even the first witness he called was a repeat from 2012, Bloomberg reported.
Cisco Systems (NASDAQ:CSCO): Cisco shares are off sharply as the company reports earnings per share of 53 cents that beat by 2 cents, and revenue of $12.1 billion that missed by $0.25 billion. Although Cisco added $15 billion to its buyback plan, weak guidance sparked a 12 percent selloff; second-quarter revenue is expected to decline 8-10 percent over the year-ago quarter, with EPS of 45 cents-47 cents, well below a consensus calling for a 4.1 percent revenue gain and EPS of 52 cents.
Google Inc. (NASDAQ:GOOG): Google’s Android operating system now owns more than 80 percent of the world market share for smartphones, a new milestone of popularity for the company, according to a new market research report from the IDC. As a whole, the smartphone market grew exponentially over the past year, up 40 percentage points from 2012′s third quarter; in the third quarter of 2013, 261 million smartphones were bought worldwide, and about 212 million of those were Android, versus Apple’s 34 million iPhones sold.