The battle of the Titans Apple and Samsung - FAMINE NEWS

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Tuesday, August 28, 2012

The battle of the Titans Apple and Samsung

The battle of the technology titans ranges on as Apple (NASDAQ:AAPL) won a legal battle in Australia against Samsung and secured a ban on the sale of the company's Android (NASDAQ:GOOG) tablet, the Galaxy Tab 10.1. Samsung had agreed to a temporary ban on sales pending the court ruling, but it has now been upheld after Justice Annabelle Bennett ruled that it should be upheld until a full patent trial is held next year.Apple has potential upside of 21.9% based on a current price of $417.06 and an average consensus analyst price target of $508.33.Apple is currently above its 50-day moving average (MA) of $383.92 and above its 200-day of $355.84.