Apple and Samsung Case in Jury Hands and Herbalife Reports Strong 1st Quarter Results
Apple Inc. (NASDAQ: AAPL) and Samsung's case is now going to a California Jury. It's been a month of testimony from expert witnesses hired by both Apple and Samsung as well as executives from both companies. A silicon Valley jury of four women and four men will deliberate to sort out the legal dispute between the smartphone makers. Apple is seeking $2.2 billion from Samsung after accusing the company of infringing five software patents related to smartphones. Samsung has denied theclaims and has countered that Apple owes it a little more than $6 million for infringing two of its patents.
Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apples iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic. It also provides Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and various accessories, service and support offerings; and manufactures the Apple LED Cinema Display and Thunderbolt Display.
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Herbalife Ltd. (NYSE: HLF) CEO has vowed that Herbalife will emerge unharmed from a Federal Trade Commission investigation stronger than ever. CEO Michael O. Johnson stated, "I think it's going to clear the air, and I think it's going to be a very good day for Herbalife when this is all cleared up." The company recently reported first quarter adjusted earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.29 by 16.3%. Earnings were also ahead of the company’s guidance of $1.25-$1.29 per share, which were announced during fourth quarter earnings.
Herbalife Ltd., a nutrition company, sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products worldwide. The company offers science-based products in four principal categories, including weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. The weight management product portfolio includes meal replacement, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. The targeted nutrition products comprise dietary and nutritional supplements containing herbs, vitamins, minerals, and other natural ingredients.
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