Northern, WI 1/6/2013 (WallstreetPr) – Samsung Telecommunication America, based in Richardson, is the US arm of Samsung. A California court passed judgment in a patent petition filed by the company asking for hiding the sales information on Samsung phones in the US during a particular period.
The company lost $1.5 billion against Apple Inc.(NASDAQ:AAPL) in August last year for infringement of patent from Apple Inc.(NASDAQ:AAPL) phones in Samsung’s phone. Apple Inc.(NASDAQ:AAPL), also alleged Samsung that it was able to sell mobiles only by the technology it stole from it, however it failed to prove the point. The order thus, demanded Samsung to provide the number of units sold in the US during the specific time period. However Samsung wanted a time delay to execute this order. Lucy Koh the presiding judge for the underlying case, gave relief to the company for hiding the per unit operating profit for two models of their phones, nevertheless it is compelled to provide sales data for a few months that it made in the US.
There is a stiff competition in the Smartphone market, and the two leading manufacturers drag each other to court often either to gain consumer confidence or to lower the sale of the other. This ruling by the California court in favor of the company will result in further increase in share price of Apple Inc. (NASDAQ: AAPL) starting today for the current year, Also it had achieved strong sales of I Pad mini in Asian countries like China and Hong Kong. It is also believed that the development of I Phone 6 has already commenced. Samsung on the other hand is striving hard to retain their customers and to make their presence strong in the US.It now relies on Samsung to give Convincing reasons for it to conceal the sales figures that are required as per the court ruling.
Samsung should focus more on being innovative and healthy competition instead of trying to make allegations against its competitors like Apple Inc. (NASDAQ:AAPL) as false claims are harming the credibility of the company. Apple Inc. (NASDAQ:AAPL) with the announcement of testing of its Iphone 6 OS.
The shares of Apple Inc.(NASDAQ:AAPL) is down by 2.78% to close at $527
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