Apple and Samsung shares mixed as US judge rejects ban

<p>Apple and Samsung shares are mixed after a US judge rejected a sales ban on 26 Samsung devices.</p>

Apple and Samsung shares were mixed after a request from the iPhone maker to ban the sale of 26 of its rival's smartphone devices in the US was rejected by a federal judge.

This is despite a jury verdict in August that found infringements of six of Apple's patents in a case against the South Korean manufacturer.

In this latest courtroom skirmish, the Californian technology giant apparently failed to establish that consumer demand for Samsung products was driven by technology it took, according to US district judge Lucy Koh's ruling in San Jose yesterday (December 17th).

"The present case involves lost sales – not a lost ability to be a viable market participant, " she stated.

At close of play last night, Apple shares climbed by 1.7 per cent on the Nasdaq to $518.83 per unit, while in Frankfurt at 09:44 GMT this morning Samsung shared slipped by 0.3 per cent to €533.10.

Learn about major individual shares and find CFD trading tips at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.