Samsung is getting pummeled on the stock market this morning, the first day of trading since it lost its big legal battle with Apple on Friday. The company's stock is down seven percent in early trading on the news, with many scrambling to parse the impact the ruling will have on the Korean tech giant's future.
Samsung was ordered to pay Apple $1.05 billion dollars in damages for infringing on Apple's patents and copying its designs. The ruling means that Samsung and other manufacturers will have to be much more vigilant in distinguishing the design of their products from those that come out of Cupertino. The impact of this shift is potentially huge, since a lot of people have made a lot of money putting out iPhone clones.
Executives at Samsung have reportedly held a series of emergency meetings to formulate a strategy in response to this "worst case scenario."
[via 9to5 Mac]