Samsung agrees to pay $548 million to Apple over infringement of Patents

Samsung and Apple have been battling it out in the courts over patent infringement. Both Apple and Samsung have been mired in legal consequences over infringement of each other's patents. While Apple has won against Samsung in courts in the US, Samsung won cases in South Korea and UK.

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Apple has long mired with Motorola Mobility over patents, Apple has also filed cases against Samsung.Surprisingly, Apple is yet to file cases against Xiaomi for patent infringement.

Samsung agrees to pay $548 million to Apple over Patent infringement

Samsung has agreed the settlement to the tune of $548 million. Almost a year ago, the settlement amount had come to almost $1 billion. However, stating that there was a error in the calculation, the case was delayed. Now the calculation seems to have been reworked. Samsung is waiting for an invoice from Apple and Samsung will pay the amount due for patent infringement. Apple-owned patents include iPhone.

Samsung had earlier requested an appeal to go further with the US court. This was after the US courts rejected Samsung's appeal to pay damages to Apple to the tune of millions of dollars.

Samsung has confirmed that it will pay Apple after it receives an invoice from the company.The payment will be sent within 10 days of receiving the invoice. Samsung also said that reserved the right to collect reimbursement if there are further developments in the case with Apple.Apple had initially filed cases against Samsung in 2011 over patent infringement for Mobile phones and tablets.

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