Apple 2.0

Covering the business that Steve Jobs built

Apple up 5.4%, Samsung down 5%, since Galaxy S4 event

March 18, 2013: 4:10 PM ET

Two company valuations that passed in the night

Screen Shot 2013-03-18 at 4.34.22 PMFORTUNE -- Who would have guessed a week ago that the thing that would lift Apple (AAPL) out of its winter doldrums would be the unveiling of its fiercest competitor's whizzy new flagship device?

But that's what happened.

The day after Thursday evening's big event at Radio City Music Hall -- where Samsung introduced the Galaxy S4 in a faux-Broadway production that garnered mostly negative reviews -- Apple opened $5.43 higher and closed up $11.16.

Apple's shares picked up Monday where they left off Friday, gaining another $12 to close at $455.72, up $5.4% over the two-day stretch.

Samsung, meanwhile, has been moving in the opposite direction, down nearly 5% since Thursday's close.

Join the Conversation
About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

Email | @philiped | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.