Super Hot Feature: Tim Cook: Genius or Complete Fool?
Samsung intends to file suits in other countries to thwart sales of the iPhone 4S after further review. Samsung said preliminary injunction requests for a ban on iPhone 4S sales will be filed on Wednesday and each case involves two patent infringements related to its wireless technology. Whether these moves will really benefit Samsung is doubtful, keeping in mind that Apple (NASDAQ:AAPL) is a valued customer for Samsung’s flash memories.
This comes after a frosty reception to Apple’s much anticipated launch of iPhone 4S, with the general opinion it was only a revamped version of an earlier device. Apple shares fell as much as 5% yesterday during the event.
Don’t Miss: Apple Cheat Sheet: iPhone Event Recap.
AAPL is trading at $364.65 today, down 2.11%. Shares are up 28.92% in one year. The stock’s trading range for the year is between $281.82 and $422.86.