Samsung and Apple settle smartphone patent dispute

It seems like it's been raging on forever, but now, after seven years.... Samsung Electronics and Apple have settled their prolonged patent fight.
It all started when Apple accused its Korean rival of stealing key elements of the iPhone.
The specifics of the settlement have not been disclosed.
Our Ko Roon-hee reports.
The patent battle started in 2011 when Apple accused Samsung of copying the iPhone's design and software features.
The court originally sided with Apple, ordering the Korean tech giant to pay more than one-billion U.S. dollars in damages.
The two companies spent the next six years in court…fighting over the damages amount.
A series of appeals pushed the dispute all the way to the Supreme Court in 2016.

However, the most recent decision was made last month, when a California jury determined the reward for Apple should be 539 million U.S. dollars.
And according to Reuters on Thursday… one of Silicon Valley's most-watched legal battle is finally over.
The terms of the settlement filed in the U.S. District Court for the Northern District of California were not available…including how much Samsung will pay Apple.
Both Apple and Samsung have declined to comment.
Apple only pointed to a statement released last month…following the jury award saying "This case has always been more than money."
Local news outlets added that although the smartphone market is no longer growing at such an explosive pace, Apple and Samsung will remain competitors in new sectors like self-driving cars and artificial intelligence software.
Ko Roon-hee, Arirang News.