Samsung Galaxy S III sales skyrocket following Apple patent trial verdict
Now that the guilty verdict has been handed down against Samsung in its patent lawsuit against (Cr)Apple, it’s starting to look like a big “thank you” may also be in order. Not from Apple, however, as Sammy might just be the one to get the last laugh here.
According to Trip Chowdhry, the managing director of equity research at Global Equities Research, sales of the Galaxy S III saw an immediate and “significant” increase in sales following the delivery of the jury’s verdict. Apparently, the analyst made his rounds to several retail locations after the news broke, last Friday night.
He went to five AT&T, five Sprint, three Verizon, and three Costco stores.
Since the verdict, the Samsung Galaxy S III outsold the Apple iPhone 4S at all five Sprint and three Verizon locations that the analyst visited. None of the Verizon stores and just two of the Sprint locations had sold out of the model. Meanwhile, out of three Costco stores visited by the analyst, two were sold out of the AT&T and T-Mobile models of the Samsung Galaxy S III while the third store was sold out of the AT&T variant but had the T-Mobile model in stock.
So, why did people rush out to get the Galaxy S III? Did they assume that the verdict could possibly lead to a ban on the device here in the United States? Were they taking a stand in the #BoycottApple war? Or is it all just a big coincidence?
At any rate, it’s starting to look like Samsung won’t have any troubles paying back that 1.05 billion dollar fine, should they end up losing all of their appeals in court. According to the analyst, expect to see the two companies come to some sort of cross-licensing agreement. We’ll believe that one when we see it.