Reuters: Technology News: Nokia jumps on hopes it can cash in on Samsung setback

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Nokia jumps on hopes it can cash in on Samsung setback Aug 27th 2012, 09:27 Tweet Share this Email Print Related News Samsung shares drop $12 billion after Apple's court victory 4:02am EDT With Samsung win on Galaxy Tab, judge may reconsider U.S. ban 1:03am EDT Apple CEO Tim Cook says chose legal action "reluctantly" Sat, Aug 25 2012 Apple triumphs over Samsung in landmark patent case Fri, Aug 24 2012 Samsung warns that Apple decision "not final word" Fri, Aug 24 2012 Related Topics Tech » Hot Stocks » Asian Markets » iPad » 1 of 2. A salesman demonstrates a Nokia smartphone in a shop in Riga July 18, 2012. Credit: Reuters/Ints Kalnins By Tarmo Virki HELSINKI | Mon Aug 27, 2012 5:27am EDT HELSINKI (Reuters) - Shares in mobile phone firm Nokia leapt 10 percent on Monday on hopes it can benefit from a setback to rival Samsung, which has lost a high-profile court case to Apple that could lead to an injunction against some of its products. A U.S. jury found South Korea's Samsung Electronics copied critical features of Apple's hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages. "In addition to Apple, we name Microsoft and Nokia as the main beneficiaries from this outcome," said Nordea analyst Sami Sarkamies. Shares in Nokia were 10.2 percent higher at 2.746 euros by 0835 GMT. Microsoft's European-listed shares were 1.6 percent higher. Nokia and its software partner Microsoft have been struggling to win ground from Samsung's Android-powered smartphones which lead the market. Google's Android is used in around 65 percent of smartphones sold globally, with Samsung the biggest maker of Android phones. Nokia has been fighting for survival after losing vast ground to Apple and Samsung. In 2011 it forged a software alliance with Microsoft, which had also fallen behind in smartphone software. Nokia is now the largest maker of Windows Phones, but the market share of the software has stayed at below 5 percent. "We think that the real winner hear will be Microsoft and the Windows Phone ecosystem," Nomura analysts said in a note. "As Android and Apple tear each other apart, Microsoft has been waiting in the wings and is in a very good position to move in and entice users to switch from Android to Microsoft, as we have already seen that user loyalty is low," they said. Nokia is expected to launch its first smartphones using a new version of Windows Phone software at an industry event in early September. (Reporting by Tarmo Virki; Editing by David Holmes and Mark Potter) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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