Business

Apple and Samsung settle legal battle after 7 years in court

After 7 years of court battles over patents and design, rulings and appeals, Apple and Samsung have settled their legal dispute privately and effectively ceased all legal action.

The legal battle began in 2011 when Apple formally accused Samsung of copying the iPhone. In 2012 a jury ruled that Samsung copied Apple and had to pay $1B in damages. Samsung appealed and after a lot of back and fourths, in 2018 the damages payment was reduced to $539M. Again, Samsung appealed.

Following the appeal a court date of June 26 was appointed, but Apple and Samsung worked out a settlement deal to end all claims and counter-claims privately, out of court. The terms of the settlement have not been disclosed.

It’s not clear what money Apple has received from Samsung in the course of their dispute and it looks like we will have to wait for the financial reports of the two companies to learn if any money changed hands at all.

No official statement has been given from anyone at Apple or Samsung yet.

Source