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Saturday, August 25, 2012

Apple Stock Hits All-Time High After Favorable Verdict


Apple stock swelled to $674.96 per share during after-hours trading following the favorable verdict for the iPhone creator. Stock prices rose about 1.8%, or around $12 a piece, closing at $663.22 per share.

Around 6 P.M. ET on Friday, the first tweets went out from reporters in the California courtroom where the Apple-Samsung infringement case verdict would soon be announced.

A nine-person grand jury came to a unanimous decision on Friday evening (around 7 P.M. ET), determining Samsung infringed upon several Apple-patented features.

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