It seems that Google and Samsung may be teaming up on Apple Inc. (NASDAQ:AAPL). Samsung’s chief, Shin Jong-kyun, will be meeting with Google’s Eric Schmidt this Thursday in Seoul. The Korea Times reports that the Samsung executive confirmed this meeting, although he remained quiet regarding the topics to be discussed.
However, there is little doubt that Apple Inc. (NASDAQ:AAPL) will be a main target for the two tech giants, as both of them have suffered at the hands of their nemesis. Samsung Electronics Co., Ltd. (LON:BC94) suffered most recently in an Apple courtroom victory, which cost the Korean company $1.05 billion, and a possibility of a ban on sales of certain devices in the U.S.
Jim O’Shaughnessy: Fear Signals Created By The Reptilian Brain
ValueWalk's Raul Panganiban interviews Jim O’Shaughnessy, Chairman, Co-chief Investment Officer, and Portfolio Manager at O’Shaughnessy Asset Management. In this part, Jim discusses the fear and emotional signals created by the reptilian brain. Q1 2020 hedge fund letters, conferences and more That's very cool. For the factor to try to seek the reason why it works, Read More
Considering that it’s only been about a month since this major Apple victory, one can only assume that Google’s meeting with Samsung must have something to do with plans to reverse Apple’s fortunes in the tech market. Samsung Electronics Co., Ltd. (LON:BC94) is on of Google’s biggest providers for its Android OS, which powers smart phones sold by Samsung.
Google Inc (NASDAQ:GOOG) has tried to publicly remove itself from Apple’s cross hairs regarding the Samsung suit, saying that the patents which were in question “don’t relate to the core Android operating system.” While this may be true to some extent, Google can not claim that the ruling does not affect its operating system, as many of the devices mad by Samsung, which are listed in the possible ban list, run on Android.
Android is Apple’s chief competitor to the iOS system in the mobile world. It’s no secret that Apple co-founder, the late Steve Jobs, hated Google with a passion, and it’s only logical to assume the feelings are mutual to this day.
Apple Inc. (NASDAQ:AAPL) has been struck in recent days, as its iPhone 5 launch hit all time record highs in sales, its release of iOS 6 with Apple Maps turned out to be a major headache. The Maps application has many bugs which need to be worked out, and has drawn criticism from all around the tech world. Perhaps Apple Inc. (NASDAQ:AAPL) should ask Google Inc (NASDAQ:GOOG) for directions on how to repair its application, and its image.
In the meantime, Google and Samsung may possibly be gearing up for an all out war on Apple.