Tim Cook Was Never Keen on Suing Samsung in the First Place - 0 views
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Boris Smirnov on 11 Feb 13In this article, Apple's current CEO, Tim Cook expresses his opinion on the suing of South Korean company, Samsung. Although, Steve Jobs was very clear with his intentions to take out Samsung as a major source of competition, Tim Cook was opposed to suing Samsung because the company was a major supplier of parts for Apple. However, Jobs suspected Samsung was abusing the supplier relationship to shield it from any legal claims and his fears were confirmed with the early release of the Galaxy Tab which was very much like the iPad. Apple's dependency on Samsung is displayed by the nearly $8 billion dollars worth of components bought from Samsung last year. For this reason, Tim Cook has made several moves to wean Apple's dependence on Samsung products, including hiring away a top chip designer formerly working for Samsung. This and the $1.17 billion dollars apple was given from the jurisdiction between the two rivals was a big win for them. This article fits under the legal category because it touches upon the legal issues between the two rivaling companies, and the opinions of stakeholders such as Jobs and Cook. Also, this article is related to economics because it predicts the future of major companies like Samsung and Apple. With these two companies at the top, changes in consumer behaviour can easily result if one of the companies falls behind.