Propelled by a favorable ITC ruling last Friday, shares of Apple shot up by $12.91 on Monday, finishing the trading day at $467.36. Indeed, shares of Apple on Monday closed at their second highest level since February of 2013.
Though the success of the iPhone is routinely measured against Android as a whole, the reality is that Samsung's fleet of Android phones remain Apple's biggest competition. To that end, investors reacted favorably to an ITC ruling this past Friday which handed down an import ban against certain Samsung smartphones found to infringe upon Apple patents.
AppleInsider reports:
