Webwire: Mixed results for Apple, Samsung; Facebook bosses shed shares
A US jury has found Samsung guilty of violating six of the seven patents being asserted by Apple in the duo’s legal battle in the market, ordering a near-record $1.05 billion (€838 million) in damages. Experts expect the verdict to have strong implications for competition, handset design and pricing. Samsung has vowed to appeal.
Separately, both Apple and Samsung have been hit with bans on older-generation handsets and tablets in South Korea, after a panel of judges found that both companies are infringing on each other's patents.
Facebook’s co-founder is the latest senior manager to sell shares in the firm following a block on trading. Dustin Moskovitz raised $8.7 million (€6.9 million) in the sale, which comes hot on the heels of a similar trade by director Peter Thiel.
Speculation is rife that Amazon will launch a new mobile device early September, after the firm’s Kindle division sent out press invites.
The Chinese government has agreed to loan $15 million (€11.9 million) to Sierra Leone, to fund its connection to the planned Africa Coast to Europe (ACE) subsea cable.
Zimbabwean mobile operator NetOne denies allegations by rival Econet Wireless that it owes $20 million (€15.9 million) in interconnection fees. Econet briefly terminated interconnection with NetOne earlier this month over the financial dispute.