In the first day of trading since the $1.05 billion ruling in Apple’s favor in the patent infringement case with Samsung, Apple’s stock is trading up around 2% at around $675, giving the company a market cap of around $635 billion, or $15 million more than it’s record-setting day last week. Meanwhile, shares of Samsung Electronics Co. fell 7.5% in Korean Exchange trading today, shedding $12 billion in market capitalization in the process. Of course, any market corrections are likely to even out in coming says; Apple began the day trading at around $690 per share, and has already fallen into the $670-$675 range.
Samsung and Apple aren’t the only companies affected by the verdict, however. Android handset-makers are going to need to be extra careful in coming months or face further litigation from Apple. One such company, HTC, fell nearly 2% in Monday trading on the Taiwanese stock market. Google is also currently trading down around 2% in the first hour of NASDAQ trading in the US. Meanwhile Nokia, who has bet the future success of the company on Microsoft’s Windows Phone platform, is up nearly 8% this morning, and is trading at its highest level since May 2012. Nokia has gained 20% in the last week alone, with a nearly 60% jump in the last month. RIM is up 3% as well.
Clearly analysts are worried about what the decision means for the future of the mobile industry, with Android being at the center of attention. Samsung and Apple will likely both appeal the jury’s decision, with the appeals process likely making it all the way to the US Supreme Court for the validity of the trade dress patents. Unfortunately, much more to come on Samsung vs. Apple.