Samsung soars as Apple loses court bid

APPLE has lost its most recent battle in a legal fight against Samsung, as its bid to stop Galaxy sales in the US was denied, causing shares in the South Korean company to jump by more than two per cent.

Apple was trying to get an injunction against the sale of certain Samsung products in the US, claiming that the company’s Galaxy line infringes the patented design of iPhones and iPads.

The two smartphone and tablet makers will go to trial in America on 30 July next year.

This case is the most important in a long-standing conflict between the two companies, which has clocked up over 20 cases in 10 countries since April.

Samsung recently reported a record $2.2bn (£1.4bn) third quarter operating profit, which analysts at Morgan Stanley estimated could have dropped by as much as $1.5bn had Samsung lost this court case.

It also overtook Apple as the world’s biggest smartphone provider by both revenue and volume.

It was revealed last night that a US court error on Friday offered a glimpse into internal workings at the two technology giants as Judge Kucy Koh’s published ruling included private details which she had intended to black out.

An injunction against Galaxy sales in Australia will end on 9 December.