Samsung setback boosts Nokia shares
August 28 , 2012
Shares in mobile phone firm Nokia jumped 10 percent on Monday on the back of hopes it could benefit from a setback to rival Samsung, which lost a high-profile court case to Apple resulting in a sales injunction against some of its products.
A U.S. jury found South Korea's Samsung infringed features of Apple's iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
In recent years, Nokia and its software partner Microsoft have been struggling against Samsung's Android-powered smartphones, which lead the market.
Google's Android is used in around 65 percent of smartphones sold across the world, with Samsung being the biggest maker of Android phones.
Nokia is expected to launch its first smartphones with a new version of Windows Phone software in early September.