Apple shares rise to highest level in its history after claiming victory against Samsung
Apple shares rose to the highest level in its history in early U.S. trade on Monday after the company won a phone manufacturer iPhone legal battle concerning patents against Samsung Electronics has changed the features of the smart phone market.
Analysts said this victory strengthens Apple's position before the launch of iPhone 5 may increase its market dominance because companies that use the Android operating system produced by Google, which constitute two-thirds of the global market may have to consider a change designs.
Apple won by virtue of taking compensation of $ 1.05 billion from Samsung on Friday after the conclusion of a jury in California that the Korean company cloned two important advantages for iPhone and iPad. The lead government to ban the sale of key products for Samsung.
Apple shares the highest level in its history at $ 680.87 in early trading on the Nasdaq on Monday, then pared its gains to reach $ 676.71, up two percent from the previous close.
Google shares fell 1.3 percent to $ 669.57, while Samsung shares fell 7.5 percent, wiping out more than $ 12 billion of the market value of the South Korean company.
The ruling comes at a time where competition in the portable electronic device industry where Google entered the field of manufacturing devices for the first time Tablet PC Nexus 7 and will be Microsoft's new operating system Windows 8 in October through the Tablet PC service.
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