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


    Apr 12, 2001

    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.


    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

    Oct 17, 2008
    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

    Oct 23, 2010
  4. H2SO4 macrumors 601

    Nov 4, 2008
    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

    Aug 30, 2014
    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

    Apr 22, 2008
    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


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

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


    Mar 28, 2013
    The Clinton Archipelago unfortunately

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


    Jul 18, 2011
  11. 2457282 Suspended

    Dec 6, 2012
    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

    May 18, 2012
    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

    May 18, 2012
    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


    May 24, 2010
    Will Apple accept Apple Pay or Samsung Pay? :eek::D
  15. azentropy macrumors 68020


    Jul 19, 2002
    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


    Jun 12, 2015
  17. Kaibelf Suspended


    Apr 29, 2009
    Silicon Valley, CA
    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. macrumors 68020

    Jun 17, 2009
    Fort Worth, TX
    same thing with a vacuum cleaner and Dyson
  19. jpgr15 macrumors 6502a

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

    Oct 23, 2010
    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

    Jan 5, 2006
    Redondo Beach, California
    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

    Jul 4, 2007
    Finally a sleazy company ran by insider trading execs has to pay for theft.
  23. mdriftmeyer macrumors 68030


    Feb 2, 2004
    Pacific Northwest
    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


    Dec 16, 2010
  25. MH01 Suspended


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

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