Apple’s Stock Opens to a Record $680 Per Share

[Maura]

9to5 Mac writes that following its victorious result in last Friday’s patent infringement court case against Samsung, Apple’s stock opened today at the all-time record price of $690 per share, soaring past the previous high of $674.88 per share. As a result, Apple’s market capitalisation also hit $637 billion. Meanwhile, as you might expect, the effect on Samsung has been exactly the opposite, with 9to5 Mac also reporting that Samsung’s stock has fallen 7% in the South Korean market, representing Samsung’s largest fall since October 2008. With a hearing set for September 20 to sort out injunctions for Samsung’s smartphones that were found to have infringed Apple’s patents in the court case, it’s no surprise that, according to the Korea Times, via 9to5 Mac, Samsung executives held an emergency crisis meeting following the trial verdict, with one senior Samsung executive heard to say “It’s absolutely the worst scenario for us,” on walking into Samsung’s headquarters.


Source: Apple’s stock opens at record $680 with $637B market cap following win against Samsung | 9to5Mac
Samsung’s aftermath: appeals, emergency executive meetings, stock down 7%, jury comments | 9to5Mac

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