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Samsung Electronics shares have suffered their biggest fall in a single day in almost four years, after a US jury found the technology giant copied designs from Apple.

The South Korean company’s shares fell 7% in Seoul trading, the most since October 2008.

The company was ordered to pay $1.05 billion in damages to Apple, in one of the most significant rulings in a global intellectual property battle.

Samsung will appeal over the verdict.

Analysts said investors were worried that the ruling could affect revenues.

Samsung Electronics shares have suffered their biggest fall in a single day in almost four years, after a US jury found the technology giant copied designs from Apple

Samsung Electronics shares have suffered their biggest fall in a single day in almost four years, after a US jury found the technology giant copied designs from Apple

“An adjustment in the next few days is unavoidable as the damage amount was much bigger than market expectations, and there are further uncertainties, such as the possibility of a sales ban,” said John Park, from Daishin Securities.

Apple has said it will seek an injunction to block sales of Samsung products in the United States, a key market, at a court hearing on 20 September.

One of the biggest concerns for Samsung is whether Apple will now target the Galaxy S3, which was not included in the recent trial, as it focussed on older products.

The flagship product is Samsung’s best selling smartphone and if it is included in a US ban on sales that would give Apple a major advantage in the market, analysts said.

A nine-member jury in San Jose, California ruled on 24 August that Samsung had infringed Apple patents for mobile devices.

It was the most closely-watched of many similar patent disputes being contested in courts around the world between electronics manufacturers.

In recent weeks, a court in South Korea ruled that both Apple and Samsung had copied each other, while a British court dismissed claims by the American company that Samsung had infringed its copyrights.

 

Throughout history electronics manufacturers have sold products with built-in obsolescence, or introduced new formats forcing consumers to rebut accessories and even music, films and TV shows.

Recent examples include the evolution of music, from records to tapes, CDs and downloads, each format requiring users to buy the music they already own again with the promise of better quality.

Film buffs have also seen huge changes, from VHS to laserdisc to DVD, Blu Ray and, finally, downloads.

Many gadget makers sell electronics with batteries that cannot easily be replaced, forcing users to either upgrade or pay for expensive repairs

Many gadget makers sell electronics with batteries that cannot easily be replaced, forcing users to either upgrade or pay for expensive repairs

Many gadget makers, including Apple, also sell electronics with batteries that cannot easily be replaced, forcing users to either upgrade or pay for expensive repairs.

Apple and others have also often changed the design of power supplies and other accessories with each new model, forcing consumers to buy new versions.

TV makers also warn that even the latest TVs have a limited lifespan, with on average around 100,000 hours of use before they must be replaced.

However, manufacturers hope that consumers will upgrade to the latest technology far before this happens.