Samsung agrees to pay Apple $548 million for copying its iPhone designs
Dec04
The smartphone industry is fiercely competitive, and Apple and Samsung are leaders in grappling to be the world’s number one. The two companies have been embroiled in a court case since 2011 when Apple accused Samsung of copying its design of the iPhone. The dispute came to near-conclusion yesterday evening when the two rivals filed a joint statement with the United States District Court for the Northern District of California, which said Samsung agrees to complete its $548 million settlement to Apple. However, this is part of a bigger $1 billion payment that the South Korean company was ordered to…
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