Apple Inc.(NASDAQ:AAPL) Has Been Consolidating After the Recent rally
Apple Inc. (NASDAQ:AAPL) continued to pressure the U.S. court to block the sales of Samsung Electronics Co. ‘s latest Galaxy called Galaxy S III smartphones in the U.S.
The company has requested a federal judge in San Jose, California to consider its request to lock sales of Samsung products in the U.S. Samsung is scheduled to launch its new galaxy smartphone in U.S. later this month.
Both the companies have been blaming each other copying designs and technology for mobile devices and are fighting patent battles in four continents. Earlier, the court ordered them to solve their problems out of the court. However, those talks were unconcluded.
Analysts at Daewoo Securities Co. commented that probability of Apple to get success in blocking Samsung’s Galaxy in U.S is very less, citing “Smartphones aren’t uniquely Apple’s products any more. It won’t be easy to find convincing reasons to block sales.”
On the other hand, Samsung said that Apple’s request is without merit and Samsung will start selling the Galaxy S III in the U.S as scheduled.
Samsung launched the Galaxy S III in the U.K. on May 29 and U.S. carriers have announced they will start selling the smartphone in the U.S. on June 21, Apple said in the filing, saying it obtained the product in the U.K.
The Galaxy products helped Samsung regain the lead in the global smartphone market from Apple in the first quarter. Samsung has sold 24 million units of the first Galaxy S model since its debut in June 2010 and 28 million Galaxy S II phones in 13 months, Samsung said this month.
Shares of Apple Inc. (NASDAQ:AAPL) are down 0.07% to $571.72 in the pre-market session.