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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