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August 27, 2012 05:31 pm GMT
Hear that? It's the sound of corks popping as Apple's stock price rockets to new highs. Following Apple's landmark victory against Samsung late Friday night, the company's stock price (NASDAQ:AAPL) opened today at a record high of $680 per share, the first day of trading since the court ruling. This record surpasses the company's all-time high of $674.88, which was achieved on last Tuesday, August 21. This record also pushed Apple's market capitalization to a new high of $637 billion.Last Friday, the jury in the Samsung v. Apple case awarded Apple $1.049 billion in damages. After just three days of deliberating, the jury found that Samsung purposely infringed on key Apple patents. Investors are clearly reacting in kind, sending the stock to record heights.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wfItQLSAUwg/
Apple Stock Opens At Record High Of $680 At A $637B Market Cap After Samsung Patent Win
Hear that? It's the sound of corks popping as Apple's stock price rockets to new highs. Following Apple's landmark victory against Samsung late Friday night, the company's stock price (NASDAQ:AAPL) opened today at a record high of $680 per share, the first day of trading since the court ruling. This record surpasses the company's all-time high of $674.88, which was achieved on last Tuesday, August 21. This record also pushed Apple's market capitalization to a new high of $637 billion.Last Friday, the jury in the Samsung v. Apple case awarded Apple $1.049 billion in damages. After just three days of deliberating, the jury found that Samsung purposely infringed on key Apple patents. Investors are clearly reacting in kind, sending the stock to record heights.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wfItQLSAUwg/
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