Apple Shares Gain on Samsung Verdict
A jury in San Jose, Calif. awarded Apple $1.05 billion in the closely-watched case, ruling that the Korean phone giant had "willfully" infringed a number of "valid" Apple iPhone patents.
The landmark case could have major implications on the technology landscape, bolstering Apple's confidence in the ongoing tech patent wars.
Apple shares, which hit a new all-time high of $674.88 earlier this week, rose 1.8% to $674.95 in extended trading on Friday.
The ruling is likely to be appealed by Samsung.
Shares of Google(:GOOG), which makes the Android operating system used on many of Samsung's phones, dipped 0.8% to $673.
-- Written by James Rogers in New York.
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