A jury in San Jose, Calif. awarded Apple $1.05 billion in the closely-watched case, ruling that the Korean phone giant had "willfully" infringed a number of "valid" Apple iPhone patents.
The landmark case could have major implications on the technology landscape, bolstering Apple's confidence in the ongoing tech patent wars.
Apple shares, which hit a new all-time high of $674.88 earlier this week, rose 1.8% to $674.95 in extended trading on Friday.The ruling is likely to be appealed by Samsung. Shares of Google (GOOG), which makes the Android operating system used on many of Samsung's phones, dipped 0.8% to $673. -- Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts