There are approximately five years since Apple has sued Samsung for infringing smartphone patents. Well, after all these years, the giant South Korean manufacturer has decided to pay up. So, Samsung has confirmed that they are willing to pay 548 dollars to Apple before December 14th.
This is a huge win for Apple, especially after five years of lawsuits and appeals. Approximately half a billion dollars is a lot of money, even for Samsung, so even if they are willing to pay this huge amount of money, the South Korean manufacturer is also trying to claw back some money.
So, the court statement notes that the South Korean manufacturer “continues to reserve all rights to obtain reimbursement from Apple,” even if Apple disputes these rights. However, for those who doesn’t know, Apple has sued Samsung somewhere around 2011, claiming that Samsung had infringed on several of Apple’s iPhone patents.
Some of these features include multitouch gestures and tap-to-zoom. Therefore, at that time, Apple had asked approximately 2.5 billion dollars in damages. However, after various appeals from both companies, Samsung has settled down to 548 million dollars, in May this year. This is the amount of money that Samsung has agreed to pay.
“Samsung further reserves all rights to reclaim or obtain reimbursement of any judgment amounts paid by Samsung to any entity in the event the partial judgment is reversed, modified, vacated or set aside on appeal or otherwise, including as a result of any proceedings before the USPTO addressing the patents at issue or as a result of any petition for writ of certiorari filed with the Supreme Court,” Samsung officially stated.
On the other side, Apple has wrote that “Apple notes that Samsung purports to reserve rights to obtain partial reimbursement in the future of judgment amounts it has paid. Apple disputes Samsung’s asserted rights to reimbursement.” That is not all, because Apple has also asked Samsung to pay approximately 1.8 million dollars for court costs. However, winning 548 million dollars remains a huge victory for Apple.