Samsung Electronics Co. lost the case against Apple Inc., as the court in Seoul ruled that Apple Inc. did not violated some of the Samsungs patents.
The case was considered one of the top legal battles of the year, because it managed to highlight the difficulties the company faces when trying to build its cases over smartphones designs and functionalities patents. This was also a strategy of the company to ban the sales of some of the Apples older smartphone models in South Korea, but unfortunately for Samsung, it proved to be unsuccessful.
This year Samsung has been leading several cases with Apple not only in South Korea, but also all over the world. The case in Seoul was initiated by Samsung Electronics Co. that accused Apple Inc. of infringing three of the companys patents, which are related to mobile devices messaging technology. Apples iPhone 4S and iPhone 5 were claimed to had violated several Samsung patterns, but these claims were rejected by the Seoul Central District Court.
The court also rejected the 100-million-won request, announcing that the patents are invalid, because they can be easily developed with the help of the already existing technologies. Samsung admitted that they were disappointed by the courts decision, but also said: “We will continue to take the measures necessary to protect out intellectual property rights.”
Apple, on the other hand, commented that the company is “glad the Korean court joined others around the world in standing up for real innovation and rejecting Samsungs ridiculous claims.”
Last year there were also some legal fights between the two companies. South Korean court ruled mainly in favour of Samsung, by judging there was a violation of two of Samsungs “standard essential” patents carried out by Apple. Unlike, the “standard essential” patents, which must be licensed under fair and reasonable terms, this years patents were not considered as such, which is the reason why Samsungs legal claim was rejected.
Currently the two companies are involved in multiple cases all over the world. The competition for dominance over the smartphone market between Samsung Electronics Co. and Apple Inc. has been rather fierce and acrimonious during the last few years, because these companies are the ones that control the majority of the industrys profits.
According to Bloomberg, the current share price of Samsung Electronics Co. Ltd. Is 1.42% down, and its one-year return rate is 8.84% down. The current share price of Apple Inc. is 0.15% down, and its one-year return rate is 8.47% up.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
