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Apple (AAPL) Marches Higher; Investors Looking for Positive Outcome in Samsung Trial

August 20, 2012 10:00 AM EDT Send to a Friend
Are Apple Inc. (Nasdaq: AAPL) investors already pricing in a strong outcome in litigation with Samsung?

Shares of Apple are up just under 1 percent in early trading Monday, hitting another all-time high of $655 in the process, amid reports CEO Tim Cook and Samsung CEO Kwon Oh Hyun will hold a call today to see if the two can enter a patent settlement before jury deliberations commence on Tuesday. Results of the call will be reported later in the session.

In the case, Samsung is seeking $399 million in damages along with devices being banned, while Apple said it lost $2.5 billion to $2.75 billion in sales.

Apple has closed higher nine of the last 12 sessions.




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