Apple Vs Samsung Case: Samsung Backs Off Apple, But Just a Little Bit

Apple Vs Samsung Case: One day after the latest update in the United States based Apple v. Samsung case, there is more news from the legal front regarding Apple Inc. (NASDAQ:AAPL) and Samsung.

Apple Inc. (AAPL), iMac Family
Apple Inc. (NASDAQ:AAPL) Press Info

Today, as being reported by the Wall Street Journal, Samsung has decided to drop patent injunction applications in five countries. That being said, the battle still remains in many other parts of the world, including the United States.

The following information was provided to the Wall Street Journal from a Samsung senior executive:

Samsung Electronics Co. Ltd. said on Tuesday it would drop its injunction applications against Apple Inc. in five European countries, in a major U-turn in a long-running patents war between the electronics giants.

The countries included are as follows: France, Germany, Italy, the Netherlands, and the United Kingdom.

At this point, it is difficult to determine what is going on. Despite the fact that things are getting uglier by the day in the United States court case, Samsung has decided to bail out in these five European countries.

One possible scenario is that the company has settled differences with Apple Inc. (NASDAQ:AAPL) out of court.

In a released statement, Samsung added the following:

Samsung remains committed to licensing our technologies on fair, reasonable and nondiscriminatory terms, and we strongly believe it is better when companies compete fairly in the marketplace, rather than in court. In this spirit, Samsung has decided to withdraw our injunction requests against Apple on the basis of our standard-essential patents pending in European courts, in the interest of protecting consumer choice.

This definitely comes as a surprise, as the animosity between Apple Inc. (NASDAQ:AAPL) and Samsung appears to be escalating by the day.

Check back here for more updates on Apple Vs Samsung Case.

Check out our article published earlier today, discussing recent details in the battle between the tech giants on US soil: Judge Denies Apple Inc. Injunction, No Better Luck for Samsung.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!