WSJ-DANIEL INMAN Reported that: Asian markets fell Wednesday on concerns over Europe’s debt crisis and as disappointing Apple AAPL +1.71% earnings in the U.S. pushed down technology manufacturers in Asia.
Sentiment was damaged by news of uninspiring corporate earnings in the U.S. overnight. At the forefront was Apple, which delivered disappointing numbers after the session in New York finished.
Below-expectation earnings from one of the world’s most famous consumer-electronics companies had knock-on effects on electronics companies in Asia, which was felt hardest in technology-heavy markets such as South Korea and Japan.
The Nikkei ended the day 1.4% down at 8365.90, putting the market back into negative territory for the year, as Japan was hindered by a stronger currency and a broad selloff in technology companies following the Apple results. The Japanese benchmark sank to a seven-week low, with bellwether electronics companies Sony SNE +4.24% andPanasonic 6752.TO +5.66% slumping 5.2% and 5.5% respectively.
Posted by Innovator on July 27, 2012
Picture by Bloomberg
Apple and Samsung Electronics began the latest round of their long-running global patent war on Monday as an Australian judge began hearing evidence for an anticipated three-month trial.
While any decision in the Australian case is unlikely to have a substantial impact in other jurisdictions like Europe or the United States where the technology giants are suing each other, lawyers say the trial proceedings could reshape the legal strategies employed by Apple and Samsung in other countries.
Mark Summerfield, a patent lawyer and senior associate with Melbourne-based law firm Watermark, said “there’s no doubt there’s a strategic and psychological effect” attached to the Australian case. “Courts in other countries will watch what is happening here,” he said.
Posted by Innovator on July 23, 2012