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Samsung Loses $1 Billion in Market Value After U.S. Veto on Apple Ban, Files Appeal Against Patent Ruling

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After the Obama administration vetoed a partial ban on the import and sale of some Apple products, Samsung announced that it has been granted a hearing in a US appeals court next year against the original ruling, as reported by the Financial Times. Concurrently, The Wall Street Journal reports that Samsung has lost $1 billion in market value after the weekend veto. The South Korean government has also criticized the decision, saying it had "concern over the possible negative impacts that this kind of decision could have on Samsung Electronics' patent rights".

apple_samsung_logos-500x137.jpg
Samsung revealed on Monday that it had filed a court appeal on July 18 against the original ITC finding, because the ITC ruled that Apple had infringed only one patent, rather than finding in favour of Samsung on all four patents it had claimed were violated.

The appeal was filed at the US Court of Appeals for the Federal Circuit in Washington, a Samsung spokesman said, adding that an oral hearing was scheduled for the first quarter of next year.
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Originally, the ban of Apple products was granted back in June in response to a ruling made by the USITC (United States International Trade Commission) and applied to AT&T models of the iPhone 4 and iPhone 3GS, as well as the 3G models of the iPad and iPad 2. The USITC ruled that all four products infringed on a Samsung patent, specifically Patent No. 7,706,348, titled "Apparatus and method for encoding/decoding transport format combination indicator in CDMA mobile communication system."

Apple and Samsung have been in a long, ongoing legal battle that started in 2011, with the first U.S. trial awarding $1 billion to Apple in 2012. However, a judge voided nearly half of that amount in March, and a new trial between the two companies is set for November of this year.

Article Link: Samsung Loses $1 Billion in Market Value After U.S. Veto on Apple Ban, Files Appeal Against Patent Ruling
 
Article Link
https://www.macrumors.com/2013/08/05/samsung-loses-1-billion-in-market-value-after-u-s-veto-on-apple-ban-files-appeal-against-patent-ruling/
Four oF NINE

Four oF NINE

macrumors 68000
Sep 28, 2011
1,931
896
Hell's Kitchen
I don't even understand how this is a big deal.. Those iPads are obsolete, so is the iPhone 3G, 3GS, and the 4 will be as well in a few weeks.
 
T

thepowerofnone

macrumors member
Apr 10, 2011
97
7
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
 
Serelus

Serelus

macrumors 6502a
Aug 11, 2009
673
132
Vm9pZA
What did samsung expect? From Apple news lately we all know several governments in the US started using Apple products in bulk. So a ban would kind of not work out well in that regard?
 
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Georgij

macrumors regular
Mar 11, 2013
128
0
I think it is more a reaction to that Samsung's future SEP litigations will also fail.
 
pirg

pirg

macrumors 6502a
Apr 18, 2013
618
0
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
Click to expand...

The power to veto is also part of the laws of the land. Checks and balances or something
 
quagmire

quagmire

macrumors 604
Apr 19, 2004
6,902
2,323
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
Click to expand...

You don't think South Korea protects their industries too? South Korea, China, Japan, etc are all very protective of their industries.

And the US has protected their industries too. Steel companies, airline industry, the automotive industry(chicken tax and the bailouts), etc.

This wasn't simply the government giving Apple special treatment.
 
gnasher729

gnasher729

Suspended
Nov 25, 2005
17,980
5,565
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
Click to expand...

You seem to think that the US government acted somehow outside the law. But what they did was actually exactly what they are supposed to do: When the USITC makes a decision, it is actually up to the government to either accept or reject the decision.

You should also note the fact that in the EU, Samsung was threatened with major (multi billion dollar) fines if they should attempt to ban iOS devices over standard essential patents, which is exactly what they managed to do in the USA. If Samsung had gone to a German or French equivalent of the ITC and not the US one, _Samsung_ would have received a major fine.

But someone else found what is likely the reason for the government rejection of the ITC decision which you can check out at here:

http://tech.fortune.cnn.com/2013/08/05/apple-samsung-itc-pinkert/

Dissenting opinion by one of the ITC judges involved. According to this, the ITC decision was very, very wrong in the first place.
 
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infantjoe

macrumors newbie
Oct 31, 2012
4
0
Samsung can hit back

Since Samsung has become the supplier of Apple again, can they find another way of dealing with apple?
 
E

ElTorro

macrumors 6502
Jan 23, 2013
273
2
Ursadorable said:
They may have bamboozled the courts, but Samsung's obvious copying of the iPhone/iPad have finally come to bite them in the ass.

Karma's a bitch.
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It's the opposite. Apple's suing Samsung came back and bit them in the ass with this ITC ruling, but due to unknown behind the scenes dealings the President showed that Apple is above the law. This will not go down well with a lot of people and at the end, it will hurt Apple more than you'd think.
 
Rogifan

Rogifan

macrumors Penryn
Nov 14, 2011
24,122
31,151
Oh good grief. Samsung stock was down ~1% today. Big deal. Apple had lost billions in market value in a single day for no reason many times. This really is a non story.
 
Z

Zodiac.mj

macrumors member
Mar 10, 2013
85
10
Well lets face it, you have to protect YOUR companies. Who else would supply NSA/CIA and other agencies with all those personal information :)
 
balamw

balamw

Moderator emeritus
Aug 16, 2005
19,366
979
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MOD NOTE: This thread is not in PRSI. If you wish do make politically charged posts about this, please start a new thread there.

Overtly political posts will be removed as Off Topic in this thread.

B
 
A

apolloa

Suspended
Oct 21, 2008
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Time, because it rules EVERYTHING!
ElTorro said:
It's the opposite. Apple's suing Samsung came back and bit them in the ass with this ITC ruling, but due to unknown behind the scenes dealings the President showed that Apple is above the law. This will not go down well with a lot of people and at the end, it will hurt Apple more than you'd think.
Click to expand...

Sigh, the president hasn't done anything, it was his ADMINISTRATION who dealt with it all, and over on 9to5mac they are already discussing how Apple is actually falling out with the White House with incidents like its fixed eBook pricing scandal, Apple is continuing to refuse to back down and settle and that is already biting them in the arse.
 
A

apolloa

Suspended
Oct 21, 2008
12,318
7,802
Time, because it rules EVERYTHING!
balamw said:
MOD NOTE: This thread is not in PRSI. If you wish do make politically charged posts about this, please start a new thread there.

Overtly political posts will be removed as Off Topic in this thread.

B
Click to expand...

And how are we supposed to know what you mods consider, overtly political then? Its an article involving the US government and Apple but speaking about politics in a news article is a breach of your rules? Maybe a suggestion is to move this article into the correct place on the website?
 
osofast240sx

osofast240sx

macrumors 68030
Mar 25, 2011
2,539
16
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
Click to expand...
Then the judges should follow the law. But to stay on topic 1 billion is a drop in the bucket for Samsung.
 
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