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Money Aug 27, 2012

Nokia shares jump on Apple-Samsung verdict

Shares in Nokia , the No 2 cellphone maker, rose more than 6 percent early on Monday after its bigger rival Samsung Electronics lost its court case against Apple .

A US jury found the South Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the US company $1.05 billion in damages.

Reuters

"In addition to Apple, we name Microsoft and Nokia as the main beneficiaries from this outcome," Nordea analyst Sami Sarkamies said in a research note.

Nokia and its software partner Microsoft have been struggling to win ground from Samsung's Android-powered smartphones which lead the market.

Reuters


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