Early reports are that the jury in an intellectual property suit heard in federal court has ruled for Apple (NASDAQ: AAPL) and against Samsung on certain of the charges
Reuters reports that the jury agreed Samsung violated patents for zoom and navigation
WSJ reports the the jury found against Samsung on "bounceback", "multitouch, and zooming
The consensus is that the competition between Samsung and Apple, the two global leaders in smartphones could be tipped sharply in Apple's favor. As the iPhone 5 is released, Samsung may have to resign phones, and may have to pay Apple penalties.
Additionally, the ruling to put smaller firms in jeopardy. Apple may file actions against the next tier of firms–LG, HTC, and Motorola which is now owned by Google (NASDAQ: GOOG)
It will take several days for entire weight of the verdicts details to be sorted out experts. But, Apple, which recently set the market size cap record for all public companies has just gotten a huge boost
Douglas A. McIntyre
Filed under: 24/7 Wall St. Wire, Wireless Tagged: AAPL, featured, GOOG