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Apple and Samsung finally agree settlement in lengthy legal battle over iPhone patent infringements

The settlement, terms of which were not disclosed, brings to an end a dispute that started in 2011 when Apple accused Samsung of copying the iPhone's design and software features

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In May this year, a US jury awarded Apple US$539mln, leaving Samsung with an outstanding balance of US$140mln it owed Apple

Apple Inc (NASDAQ:AAPL) and South Korean rival Samsung have finally agreed to settle their seven-year legal battle over patent infringements, according to court documents filed on Wednesday.

The settlement, terms of which were not disclosed, brings to an end a dispute that started in 2011 when Apple accused Samsung of copying the iPhone's design and software features.

READ: Apple awarded US$539mln in damages by US jury over Samsung patents lawsuit

In May this year, a US jury awarded Apple US$539mln, leaving Samsung with an outstanding balance of US$140mln it owed Apple.

The US tech giant had sought US$1bn in damages in a re-trial of a 2012 case, and South Korea’s Samsung had argued that it should pay only US$28mln.

The jury awarded Apple the bulk of the damages with respect to design patents, for which the jury said Samsung must pay $533.3mln. The remaining US$5.3mln was awarded for utility patents.

Samsung had previously paid US$399mln to compensate Apple for infringement of some of the patents at issue in the case.

In pre-market New York trading on Thursday, Apple stock was up 0.4% at US$184.96.

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