SEOUL: Samsung Electronics shares tumbled more than 7% on Monday, wiping US$12bil (RM36bil) off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their US patent battle raised concerns about its smartphone business — its biggest cash cow.
A US jury found Samsung had copied critical features of the hugely popular iPhone and iPad and awarded Apple US$1.05bil (RM3.15bil) in damages in the most closely watched patent trial in years.
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