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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Litigation

Add Your Comment