Nokia shares jump on Apple-Samsung ruling

Published Aug 27, 2012 07:27am

A Nokia phone — File Photo
A Nokia phone — File Photo

HELSINKI: Shares in Nokia, the No 2 cellphone maker, rose more than six per cent early on Monday after its bigger rival Samsung Electronics lost a court case against Apple.

A US jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the US company $1.05 billion in damages.

“In addition to Apple, we name Microsoft and Nokia as the main beneficiaries from this outcome,” Nordea analyst Sami Sarkamies said in a research note.

Nokia and its software partner Microsoft have been struggling to win ground from Samsung's Android-powered smartphones which lead the market.

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Kashif
Sep 08, 2012 01:27pm
Even though NOKIA will not get the same standing with the current technology and mobile phones they have...