Samsung’s big loss to Apple in a potentially game changing US patent lawsuit over smartphones meant a dramatic fall in the South Korean company’s shares in Soeul on the first day of trading after the California jury reached its decision. Samsung’s stock was down almost 7.5 percent – while Apple’s stock continued to rise in New York.
But the industry is still sorting out who will be the long term winners and losers in the smartphone world.
Google may suffer as it supplies the Android operating system for Samsung phones. That means it could lose out if Apple manages to get permanent bans on the sale of some Samsung handsets.
A decision on that is due from the court later.
Partially blocking Samsung from the US market could dramatically change the league table where the South Koreans dominate with 32.6 percent of all smartphone sales worldwide between April and June. Apple had 16.9 percent, Nokia 6.6 percent, Taiwan’s HTC 5.7 percent and China’s ZTE had 5.5 percent.
Investors obviously think Nokia could be a winner from Samsung’s setback.
The Finnish firm’s shares shot up on the first day of trading after the court decision. Its newest smartphones use a Microsoft operating system, which Apple has no problems with.
Other handset makers will now be worrying whether they will be next on Apple’s litigation list and how much this case will change the dynamics of the highly competitive mobile phone industry.
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