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Samsung Elec loses $12 billion market value after Apple’s legal victory

SEOUL (Reuters) – Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business – its biggest cash cow. A U.S. jury found Samsung had copied critical features of the hugely popular iPhone and iPad and awarded Apple $1.05 billion in damages in the most closely watched patent trial in years. Shares in Samsung – the world's biggest technology firm by revenue – tumbled as much as 7. …

Quoted from Samsung Elec loses $12 billion market value after Apple’s legal victory on Gadgets News Headlines – Yahoo! News

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