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The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.



) --


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recently won a German court ruling to block Samsung's ⿿Galaxy Tab⿝ tablet in most of the European Union (except the Netherlands). It is the second victory for Apple in the last few weeks after Samsung agreed to delay the launch of the device in Australia because of Apple's litigation.

Samsung is the second largest player in the tablet market after Apple and the leading manufacturer running


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Android operating system. There are other smaller players like

ASUS, Toshiba, Acer

, and

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that run Android OS for tablets and compete with Apple but none as big as Samsung.

We believe that this ruling provides Apple a chance to widen the competitive gap and further consolidate its position in the tablet market. A few days back, we wrote an article on why

Apple dominates the tablet market and could continue to do so for the next one to two years.

The iPad now accounts for around 12% of our

$510 price estimate for Apple stock, which is about 40% above the market price.

Apple sold around 9.25 million iPads in the last quarter and has sold around 14 million iPads in the first half of 2011. However, Samsung whose market share was just under 8% in 2010 grew rapidly in 2011 and has sold an estimated 7.5 million tablets in the first half of this year. This implies that Samsung is rapidly taking market share in the still nascent tablet industry.

Samsung's rapid rise threatens Apple's dominance in the tablet market though after this court ruling, Apple can breathe a little easier ⿦ for the time being. Depending on the extent of the ban, Apple's market share in the second half of 2011 should improve over the first half though the flurry of tablet launches expected later this year and next promises to spice up the competitive landscape going forward.

See our complete analysis for

Apple stock here.

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This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.