Shares of Apple rose again this morning as investors reacted favorably to a jury’s $1 billion verdict on Friday in favor of the iPhone maker in its hard-fought patent dispute with Samsung Electronics. As of 10:30 a.m.Pacific time, Apple shares were trading at more than 677, up more than 2 percent, after briefly climbing above 680 earlier in the day.
Apple isn’t the only company benefiting from the decision in the stock market. Shares of Microsoft, Nokia and Research in Motion are also trading higher on the news, under the theory that the decision positions Windows Phone and BlackBerry to compete more effectively against Android device makers. Microsoft shares are up 0.6 percent to 30.75.
Shares of Android maker Google fell 1.3 percent on the news, to around 669.73. Although the case wasn’t directly about Android, it involved many of Samsung’s Android devices.
In a statement on the ruling last night, Google said, ”Most of (Apple’s claims) don’t relate to the core Android operating system, and several are being re-examined by the US Patent Office. The mobile industry is moving fast and all players — including newcomers — are building upon ideas that have been around for decades. We work with our partners to give consumers innovative and affordable products, and we don’t want anything to limit that.”