Apple, Samsung settle U.S. patent dispute

Man and woman shake hands- business deal

It's been a long road for Apple and Samsung's legal dispute over accusations that the latter copied ideas from the iPhone back in 2011. The court previously ruled that Samsung did, in fact, infringe on Apple's patents, but the two companies have been going back-and-forth over how much money Samsung owes.

Samsung had appealed for a new trial, claiming it was more than the $399m it had managed to barter down to.

This agreement only comes after a court sided with Apple in May, telling Samsung to hand over $539 million.

"Plaintiff Apple Inc. and Defendants Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., and Samsung Telecommunications America, LLC would like to inform the Court that they have agreed to drop and settle their remaining claims and counterclaims in this matter", the settlement notice stated.

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Financial terms of the settlement were not revealed and neither company elaborated on the brief court order which dismissed the litigation dating back to 2011. This verdict prompted Apple to issue a statement claiming their battle with Samsung was always about "more than money", and that their primary goal with the suits was to "protect the hard work and innovation" of their team. The case revolved around a number of design and utility patents from the iPhone and its software that Samsung copied on its Android phones.

"We're grateful to the jury for their service and pleased they agree that Samsung should pay for copying our products". In August 2012, Apple won the initial jury verdict and was awarded $1.05 billion, but Koh ordered a retrial after deciding the jury added an extra $399 million for violation of additional trademarks that weren't included in the trial.

Samsung's lawyers appealed the case, bringing down the compensation of $1 billion to $400 million in 2015 at the US Court of Appeals for the Federal Circuit.

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