Apple stock reached a new all-time high as it rose 1.79% to $675.11 in after-hours trading at the time of publication. The stock opened Friday morning at $659.51.
A few hours after the market closed on Friday afternoon, a jury in San Jose federal court ruled in favor of Apple in a landmark patent case. Samsung must pay Apple $1,051,855,000 (although that exact figure is being disputed) in damages.
While it was not a sweeping win for Apple, as the company was requesting $2.525 billion in damages and did not win all of its infringement claims, it did significantly better than Samsung, which was awarded $0 in damages. Both companies are expected to appeal the decision of the complex case.
Started by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has expanded from computers to consumer electronics over the last 30 years, officially changing their name from Apple Computer, Inc. to Apple, Inc. in January 2007. Among the key offerings from Apple’s product line are: Pro line laptops (MacBook Pro) and desktops (Mac Pro), consumer line laptops (MacBook Air) and desktops (iMac), servers (Xserve), Apple TV, the Mac OS X and Mac OS X Server operating systems, the iPod, the...