Samsung Shares Drop after Loss in Patent Infringement Battle

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Shares of Samsung Electronics fell by almost 7.5 percent in trading in Asia today, investors no doubt responding to the decision against the electronics company by a federal jury in California. On Friday, the jury ordered that Samsung pay its rival Apple more than a billion dollars in damages for patent infringement.

Samsung was found to have copied the sleek and popular designs of Apple products like the iPhone and the iPad. The company says it intends to appeal the decision.

What does this mean for the consumers? Technology analyst Patrick Moorhead is the President and Principal Analyst of Moor Insights and Strategy in Austin, Texas.