Samsung agrees to pay Apple $548 million over patent dispute

Samsung has agreed to settle with Apple to the tune of $548 million. The companies have been locked in a patent battle, which has resulted in Samsung making arrangements with Apple to settle the case and pay up damages. It was alleged that Samsung had infringed on numerous Apple-owned patents that covered the iPhone.

Interestingly, earlier in the year Samsung filed documents with the US court stating the company wished to take the case forward to the Supreme Court with an appeal. This was after the courts closed down and rejected Samsung's appeal to pay Apple damages.

The South Korean company has confirmed with Apple that payment will be sent over within 10 days of receiving an invoice. The company also reserved the right to collect reimbursement if any further developments are made in the case, which Apple has opted to dispute. Nearly five years after Apple originally challenged Samsung, the company will soon receive funds from the case.

It's far from over between these two parties, so we'll have to see what 2016 holds with regards to the patent war in the US.

Source: FOSS Patents

Rich Edmonds