Shares of Samsung Electronics Co., the world's second-largest smartphone maker, jumped on Thursday after a court ruling in the Netherlands and news that Steve Jobs, the chief executive officer of Apple Inc., had resigned.
Shares of Samsung Electronics were trading at 733,000 won ($675.4) on the Seoul bourse as of 10:00 a.m., up 3.53 percent, after jumping more than 4 percent in early trading.
On Wednesday, a Dutch court rejected most of the claims by Apple Inc. that Samsung's smartphones, including its hot-selling Galaxy-series smartphones and tablets, infringed on its patents.
Under the ruling, Samsung would also be banned from marketing some of its smartphone models in some European countries for three months.
"The ruling would not seriously affect the sales of Samsung's smartphones in Europe. What's more important is that the Samsung virtually won the legal battle over design patents and other key issues," said Song Jong-ho, an analyst at Daewoo Securities.
Apple, the world's leading smartphone maker, and Samsung have been locked in a patent fight in some countries, including the U.S., as the two electronics giants are competing to win the top spot in the global smartphone market.
Shares in Samsung Electronics were also boosted by news earlier in the day that Steve Jobs, the legendary figure that led Apple to emerge as the world's largest and most valuable tech firm.
According to foreign news reports, Jobs is succeeded by Chief Operating Officer Tim Cook, and he was named chairman.
"Jobs is regarded as the whole thing of Apple, and his resignation would affect Apple's growth strategies in some ways," said Lee Sun-tae, an analyst at Meritz Investment Banking Corp.
"It's hard to say exactly how his resignation would change the landscape in the global IT sector, but the news is absolutely good for Samsung."
Jobs has been hailed as Apple's driving force that helped the world's strongest tech firm repel harsh competition from rivals such as Google Inc. (Yonhap News)
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