Apple Inc. (NASDAQ:AAPL) has lost in a bid to block Samsung Galaxy sales.
A lawsuit filed in a Federal court in San Jose, California has rejected Apple Inc. (NASDAQ:AAPL)’s plea to block Samsung from selling its Galaxy line of mobile devices products in the US, based on claims they violate patents.
However, Apple Inc. (NASDAQ:AAPL) had also requested a preliminary injunction blocking sales of Samsung’s Galaxy products in the U.S. ahead of the crucial holiday-sales season.
Apple Inc. (NASDAQ:AAPL) shares were at 393.01 at the end of the last day’s trading. There’s been a 5.1% movement in the stock price over the past 3 months.
Apple Inc. (NASDAQ:AAPL) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.2
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.22
Zack’s Rank: 1 out of 2 in the industry