Samsung Does a Pre-emptive Patent Strike on Apple
The patent squabbles just don’t seem to end with Samsung filing a preliminary injunction against Apple’s (NASDAQ:AAPL) brand new iPhone 4S. [1] While this might be a little too late considering that the phone broke sales records already, it seems that both Google (NASDAQ:GOOG) and Samsung are taking precautionary measures before their own Ice Cream Sandwich-equipped Nexus phone is launched.
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See our full analysis for Google’s stock
Damage to Apple Should be Considerably Less
Considering the tremendous hype surrounding Apple’s product launches, history has proven that Apple devices sell in the millions just after the launch date itself. The iPhone 4S itself saw first weekend sales crossing 4 million. [2] Given this trend, Samsung’s current injunction on the iPhone might be a little late in giving any significant trouble to the iPhone 4S. On the contrary, Apple would be sharpening its own knives, given that the Samsung Galaxy Nexus is soon to be launched, [3] opening up another opportunity to launch a patent suit.
We have a price estimate near $628 for Google’s stock, which is around 7% above the current market price.
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