Apple share price soars following patent victory over Samsung

Apple Inc.'s billion-dollar California court victory over Samsung is not be the last word in the patent dispute between the two electronics giants.

That's because Samsung has pledged to appeal the ruling.

But it still gave a jolt to Apple shares, which reached a record high of $674.95 in after-hours trading.

Anyone who bought Apple shares shortly after the global market meltdown in 2008 and kept them until today has made more than seven times the purchase price.

Apple's market capitalization stands at $621.7 billion. That's 53 percent higher than ExxonMobil Corp., which has the next highest market capitalization at $406.4 billion.

The California jury ruled that Samsung's smartphones infringed on seven Apple patents, including the double-tap method of zooming and its scrolling features. However, Samsung's Galaxy Tab tablet was not deemed to be a violation of any Apple patents.

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DavidH
Patent - the last refuge of corporate scoundrels.

I'm pretty sure that when the Apple bubble bursts - as it most certainly will - civilization will find itself in a real pickle.

Unless Apple actually manages to patent an apple. You know, one of those fruit things that people can eat. Unlike an Apple, which cannot be eaten (as far as I know).

Which is not to say that eating Apple USERS isn't a viable option. Protein rules, baby!
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adam g
in 10 years Apple will patent real apples and phrases like "an apple a day..".
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Sheeple
Apples are for Sheep that like spoon fed Corporate garbage.
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