Samsung Apple Patent War Forces Samsung to Pay $584 Million

appleThe Apple vs Samsung patent case study should be finally over. The two rival companies have been fighting in court for the last couple of years while they are both present in the modern gadget markets and are pretty popular among customers from all over the world.

How does Samsung Apple patent war end? It seems that Samsung is eager to agree that it caused damage to Apple by infringing its patent. The company based in South Korea decided to pay $584 million in damages to the Cupertino-based iPhone maker. The rumors about such an agreement are already confirmed by Samsung.

Apple should be handed over $548,176,477 by Samsung. It is believed that Samsung is currently waiting for Apple to send the original invoice. If this happens this week the Korean company is planning to pay damages by December 14th. This could be a great Christmas gift to all Apple fans who think that the iPhone is the best smartphone in the world.

The Samsung Apple patent lawsuit has been in courts for nearly 5 years. Apple sued Samsung and accused of copying its iPhone design back in 2012 [you can compare Apple iPhone 6s with Samsung Galaxy S6]. Since there were tons of rumors, news, reports and case hearings even though the jury found Samsung guilty in August 2012. Now, in 2015, the Galaxy creator awards Apple with $548 millions which is around 50 percent of the original $1.05 billion announced by the jury. Samsung managed to reduce this figure in retrials.

Is there a catch? Well, Samsung seems to reserve the right to get reimbursement from Apple. This could happen in different situations, for example, if the judgment is modifies, set aside or ‘otherwise.’

So if the judgment changes sometime in the future, Samsung would like to get all the money back from Apple.