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Samsung Tumbles After Apple's Legal Victory

  • Aired: 1/19/2012
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Synopsis >

Shares of Samsung Electronics tumbled more than 7 percent on Monday as Apple sweeping legal victory over the South Korean firm raised concerns about its smartphone business. A jury found Samsung had copied critical features of the hugely popular iPhone and iPad and awarded Apple 1 billion dollars in damages. Shares in Samsung tumbled 7.5 percent, its biggest daily percentage drop in nearly four years. Analysts estimate Samsung's earnings will be reduced by 4 percent this year due to increased

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