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Samsung settles Apple patent suit for USD 548 mln

2015-12-05 10:24:00| Telecompaper Headlines

(Telecompaper) Samsung has agreed to settle for USD 548 million a 2011 smartphone patent suit in which Apple claimed USD 2.5 billion in damages, according to a joint statement filed to the US District Court for the Northern District of California. The New York Times writes that Apple won the case in 2012, but was awarded only around USD 1 billion. In making the payment, Samsung is complying with a partial judgement handed down in September in Apple's favour.

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