New Apple Injunction Causes Samsung to Pull Galaxy Tab 7.7 from IFA 2011 Show
Apparently, the Apple legal onslaught has really hammered Samsung in multiple ways. A new injunction was just garnered against the Samsung Galaxy 7.7 Android Tablet on September 2nd, causing Samsung to pull the device from the IFA 2011 expo. Samsung even went to the trouble of labeling the device with a "Not for sale in Germany" sticker, but this was not enough for Apple and the court system, so Samsung had to remove the device from the showroom floor. Here's a quote from the PhoneArena and Bloomberg article,
According to the Bloomberg article, Samsung has probably lost sales of Android tablets totaling about half a million units so far this year because of the lawsuits. The Bloomberg article also indicated,
James Chung, a Samsung spokesperson from the Korean headquarters, has confirmed for Bloomberg that Apple has been granted an injunction to ban the sales and marketing of the Galaxy Tab 7.7 in Germany, and Samsung has put all those activities on hold, at least until the court hearing September 9 regarding the first injunction, for the Samsung Galaxy Tab 10.1.
“Samsung respects the court’s decision,” Chung had said, but according to the company the court's decision “severely limits consumer choice in Germany” and Samsung will be pursuing all legal venues to lift the ban.
Source: GalaxyForums.net via PhoneArena and Bloomberg
Samsung shares fell 4.9 percent, the most since Aug. 18, to 731,000 won at the 3 p.m. close in Seoul trading, extending their drop this year to 23 percent. The benchmark Kospi index declined 4.4 percent today.