Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over Apple's allegations that Samsung violated its patents by “slavishly” copying the design of the iPhone.
Terms of the settlement, filed in the US District Court for the Northern District of California, were not available.
In May, a US jury awarded Apple $539 million, after Samsung had previously paid Apple $399 million to compensate for patent infringement. Samsung would need to make an additional payment to Apple of nearly $140 million if the verdict was upheld.
How much, if anything, Samsung must now pay Apple under Wednesday's settlement could not immediately be learned.
An Apple spokesman declined to comment on the terms of the settlement but said Apple “cares deeply about design” and that “this case has always been about more than money.” A Samsung spokeswoman declined to comment.