Apple and Samsung settle a seven-year-old dispute

  • Apple Inc and Samsung Electronics settled a seven-year-old US patent dispute on Wednesday in which Apple allegedly claimed that Samsung had violated its patents by slavishly copying the design of the iPhone. As per media reports, Samsung had previously paid Apple 399 million dollars to compensate for the patent infringement. A US jury had also awarded Apple 539 million dollars in May. If the verdict is upheld, then Samsung will have to pay an additional amount of 140 million dollars to Apple.

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