Samsung to Pay Apple $548 Million Settlement in Five-Year Old Patent Trial

Discussion in 'Mac Blog Discussion' started by MacRumors, Dec 4, 2015.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    Just under five years after the beginning of the patent dispute between tech giants Apple and Samsung, the companies yesterday agreed to a settlement of $548 million to be paid by Samsung, as ordered by the San Jose federal court hosting the trial (via FOSS Patents). Samsung is said to now be waiting for Apple's official invoice of the settlement, and if it arrives by the end of day on December 4, it has promised to send the $548 million in full to Apple by December 14.

    [​IMG]

    Samsung found a slight loophole in its agreement to pay the Cupertino company, however, retaining the right to continue appealing the court system and even the ability to "reclaim or obtain reimbursement of any judgment amounts paid" by the company. So, if the court does agree to one of Samsung's appeals in the future, Apple could see some -- or all -- of the $548 million returned back to its rival.
    In its own part of the filing that made its way through the court system on Thursday, Apple noted that it "disputes Samsung's asserted rights to reimbursement." Earlier in August, Samsung announced plans to try and appeal the patent trial all the way to the United States Supreme Court, following a series of appeals it lost in the intervening years since the legal battle began in 2011.

    Article Link: Samsung to Pay Apple $548 Million Settlement in Five-Year Old Patent Trial
     
  2. mKizzo macrumors member

    Joined:
    Oct 17, 2008
    #2
    When is apple going to open up as a bank? Could start funding whole governments with the amount of cash they have on hand.
     
  3. KPOM macrumors G5

    Joined:
    Oct 23, 2010
  4. H2SO4 macrumors 601

    Joined:
    Nov 4, 2008
    #4
    ye
    Yes it is. If Apple have done something that doesn’t actually warrant being paid that money then it shouldn’t have been paid in the first place and it’s right to be returned.
     
  5. YoitsTmac macrumors member

    Joined:
    Aug 30, 2014
    #5
    548 million for them is like, $10 to me. It's a lot of money for them, but sometimes you gotta decide whether the fight is worth the return
     
  6. Jsameds macrumors 68040

    Joined:
    Apr 22, 2008
    #6
    Too little too late. They've already made 50x this figure in profit from the stolen patents. This is Samsung's Mobile Division's business model.
     
  7. rdlink macrumors 68040

    rdlink

    Joined:
    Nov 10, 2007
    Location:
    Out of the Reach of the FBI
    #7
    Hilarious. They can't even agree on what the terms of the settlement mean.
     
  8. H2SO4 macrumors 601

    Joined:
    Nov 4, 2008
    #8
    Please don’t go there. All tech companies have done this kind of thing. Including………..
     
  9. TheAppleFairy macrumors 68020

    TheAppleFairy

    Joined:
    Mar 28, 2013
    Location:
    The Clinton Archipelago unfortunately
    #9

    Maybe the Government of Monaco, the 2015 US Federal Budget was nearly $4 Trillion.
     
  10. Abazigal macrumors G4

    Abazigal

    Joined:
    Jul 18, 2011
    Location:
    Singapore
  11. 2457282 Suspended

    Joined:
    Dec 6, 2012
    #11
    I hope this really is the end. Hopefully Samsung stops the appeals and tries to kiss and make up. They have declining sales and have replaced folks to try to get the company back on track. Clue one, don't piss off your number one customer.
     
  12. Waxhead138 macrumors 6502

    Joined:
    May 18, 2012
    #12
    From things I read in the past....not just the mobile division. I don't have the link, but I remember reading a similar story about a lawsuit involving them and Pioneer over home theater receivers. Steal, drag out in court forever, etc.

    It's a company business model / tactic seemingly.
     
  13. Waxhead138 macrumors 6502

    Joined:
    May 18, 2012
    #13
    True, but some are much more blatant about it than others. Subtlety is one thing, being overt is just tempting fate.
    By overt I mean not just copying the actual tech...but packaging materials and appearance as well.
     
  14. nunes013 macrumors 65816

    nunes013

    Joined:
    May 24, 2010
    Location:
    Connecticut
    #14
    Will Apple accept Apple Pay or Samsung Pay? :eek::D
     
  15. azentropy macrumors 68020

    azentropy

    Joined:
    Jul 19, 2002
    Location:
    Surprise
    #15
    Then it isn't really a settlement if the appeals process continues. The whole point of the judge trying to force Samsung and Apple to settle is so they can stop wasting the courts time!

    Not sure why Apple would agree to this anyway. It isn't like Apple needs the money now. So why not just wait for the appeals process to run it's course rather than take money now and then maybe have to "refund" money later...
     
  16. bladerunner2000 macrumors 68020

    bladerunner2000

    Joined:
    Jun 12, 2015
  17. Kaibelf Suspended

    Kaibelf

    Joined:
    Apr 29, 2009
    Location:
    Silicon Valley, CA
    #17
    So should anyone who thinks you should pay for things you take, and who think that patents and contracts matter. And don't forget those who believe you compensate people for their work.
     
  18. co.ag.2005 macrumors 68020

    co.ag.2005

    Joined:
    Jun 17, 2009
    Location:
    Fort Worth, TX
    #18
    same thing with a vacuum cleaner and Dyson
    http://www.engadget.com/2013/09/10/dyson-sues-samsung-vacuum-design-rip-off/
     
  19. jpgr15 macrumors 6502a

    Joined:
    Apr 28, 2015
    #19
    Oh no. It doesn't end here. Next headline: "Samsung pays all 548 million in pennies".
     
  20. KPOM macrumors G5

    Joined:
    Oct 23, 2010
    #20
    But Apple disagrees that Samsung has that right. So if there is still a disagreement over the ultimate payment, this isn't really a settlement.
     
  21. ChrisA macrumors G4

    Joined:
    Jan 5, 2006
    Location:
    Redondo Beach, California
    #21
    This is a problem with most people. They don't fully understand the difference between millions, billions and trillions. Because of this in times like election debates you see "solutions" to reduce the federal deficit by not having a $10M cost overrun on a metro rail project.

    BTW $500M would fund some governments. My city Redondo Beach, California has about 135,000 residents and has a 107M budget for 2016.
     
  22. Tsuius macrumors regular

    Joined:
    Jul 4, 2007
    Location:
    GTA
    #22
    Finally a sleazy company ran by insider trading execs has to pay for theft.
     
  23. mdriftmeyer macrumors 68030

    mdriftmeyer

    Joined:
    Feb 2, 2004
    Location:
    Pacific Northwest
    #23
    The other problem is when a $4 Trillion Federal Budget is being report when that is not the budget, but overall Expenses of previous obligations combined with the actual yearly budget. The 2015 US Budget proposed and passed was just over $1.2 Trillion. The overall expenditures was over $3.6 Trillion, thusly the $2.4 Trillion came from past obligations owed.
     
  24. MJedi macrumors 6502a

    MJedi

    Joined:
    Dec 16, 2010
    #24
  25. MH01 Suspended

    MH01

    Joined:
    Feb 11, 2008
    #25
    So blatant copying costs a corporation $500 million, Beats sells for 3 Billion..... Hmmm
     

Share This Page