It looks like one of the best Samsung devices, the Galaxy Nexus will remain in stores because a judge has denied Apple's bid to ban sales of this cool device.
The Federal Circuit Court of Appeals in Washington, D.C. denied Apple's request to reinstate an injunction against the Galaxy Nexus that had been granted in June and lifted in October.
Thursday's ruling is yet another chapter in the epic patent dispute raging between Apple and Samsung. Apple had requested that the Nexus be banned before March 2014, when the two are expected to meet in court again. The appeals rejection is a definite win for Samsung, and its partner Google, which will now be able to keep its popular Galaxy Nexus phone on the market.
As Reuters notes, Apple can certainly bring another appeals request to the U.S. Supreme Court. It will likely, however, be more difficult to get a sales injunction against Samsung there.
Samsung Electronics lost $12 billion in stock market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone. Analysts say sales momentum for the high-end version of the S4, which became its fastest selling smartphone since its launch in late April, has slowed.
The share slide of more than 6 percent comes after it recently introduced two stripped-down versions of the S4, fanning worries that profit margins for its mobile business will suffer. It also follows a report that arch-rival Apple will begin a trade-in program for iPhones.
"Samsung has yet to prove its 'creative' innovation, that is, launching a product or a market segment that has not existed before in addition to prowess in manufacturing technology," Fitch said, from Ratings agency Fitch Ratings.
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