Samsung To Pay Apple More Than $US1 Billion for Patent Infringement

Apple Versus Samsung. Photo Credit: Pandith News.

Samsung To Pay Apple More Than $US1 billion for Patent Infringement

Apple shares soared to a new all-time high after the US tech giant's big win in a patent lawsuit against South Korea's Samsung, which saw its own stock tumble.

Google shares slipped amid concerns that its Android operating system used on mobile devices made by Samsung and others would come under greater scrutiny.

In early trade, Apple jumped 2.11 per cent to $US677.19, giving the maker of the iconic iPhone and iPad a record market value of $US635 billion (508 billion euros), reinforcing its place as the world's most valuable corporation.

Read more: http://www.theage.com.au/business/world-business/apple-hits-new-record-after-big-us-court-victory-20120828-24x3c.html#ixzz24pzD8rnx

Tweet