Apple’s Legal Battles

Apple (NASDAQ:AAPL) may settle with Google (NASDAQ:GOOG) after initially spending $100 million in its lawsuit against Google’s Android operating system, blogged Dan Lyons of Newsweek. This is on the heels of another rejection in a Dutch court, where Apple had wanted to ban sales of Samsung’s Galaxy Tab.

Apple still seems to have an advantage. Boy Genius reported a Consumer Intelligence Research Partners survey had 36 percent of iPhone 4S buyers using phones with some other operating system prior to their iPhone purchase.

Here’s how Apple shares are trading today:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $422.71, down $4.7, or 1.1%. They have traded in a 52-week range of $310.50 to $431.37. Volume today was 6,623,904 shares versus a 3-month average volume of 12,570,100 shares. The company’s trailing P/E is 15.27, while trailing earnings are $27.68 per share.