Samsung Finally Agrees to Pay Apple $548M in Long Fought Patent Case
Samsung and Apple have been in war over patents since god knows when and while both have their points laid out straight in front of the courts, the decision could still not be taken.
However, last week on Thursday, Samsung finally agreed to pay $548 Million as damages for the ever-lasting patent war since Apple had moved Samsung to court in 2012. You may think that the war is finally over, but this is expected to continue till next year as well.
Samsung had its own set of agreements for the payments. Once Apple sends an invoice to the South Korean giant, it will send over the money to Apple within ten days. However, Samsung also requested that any amount in the event a partial judgment on the case is modified or set aside on appeal be reimbursed. There is another patent from Apple on pinch to zoom which was invalidated by the US Patent and trademark office last year, which could bring down the damages.
In a statement released by Samsung, it mentioned, “While we’ve agreed to pay Apple, we remain confident that our products do not infringe on Apple’s design patents, and we will continue to take all appropriate measures within the legal system to protect our products and our intellectual property”. Samsung also wants to come clean that none of their designs have infringed any existing Apple patent and claims Apple to have exaggerated their point of view.
It is quite funny to think of it this way; Samsung on one hand produces processors and displays for Apple’s iPhones and iPads and on the other hand is a complete enemy in terms of smartphones.
We understand that when there is business involved, there should be no stone left unturned, but this bizarre case seems to completely boggle me every time I hear about it. We don’t know how the partnership cum enmity works for the two largest smartphone makers, as long as the customers are unaffected, all’s good.