Apple in 2011 sued Samsung for allegedly copying technology, design, and packaging; after a year of investigation into the complex case, a US court in 2012 directed Samsung to pay more than a billion dollars in damages.
The four-year-old dispute was settled yesterday when the two rivals filed a joint statement with the US District Court for the Northern District of California. The two parties came to an agreement as Samsung agreed to pay $548 million in fines to Apple for copying iPhone designs.
However this is only a part of the original $1 Billion payment that the South Korean giant was directed to pay. The amount was split in two parts—$548 million for violating technology patents, and another $382 million for allegedly copying packaging content.
The jury will look into the ‘packaging’ violation part in 2016 and shall deliver verdict after investigating further into the matter.
At this moment, the words of late CEO Steve Jobs from his biography by Walter Isaacson seems to be the most fitting quote for the story:
“I will spend my last dying breath if I need to, and I will spend every penny of Apple’s $40 billion in the bank, to right this wrong. I’m going to destroy Android, because it’s a stolen product. I’m willing to go to thermonuclear war on this.”