Samsung’s shares drop 7% after trial

Samsung is beginning to feel the pain from the Samsung v Apple trial with their shares dropping a whole 7%. The drop comes after a US Jury ordered them to pay $1 billion to Apple.

“The context of the loss in this case is a lot worse than had been expected,” said Song Myung-Sup from Hi Investment and Securities.

If the Samsung v Apple trial sees infringing devices unable to be sold in the US, their shares will continue to drop. Investors are most likely worried that this $1 billion fine will see hurt revenue.

Source : BBC