Samsung has agreed to settle with Apple to the tune of $548 million. The companies have been locked in a patent battle, which has resulted in Samsung making arrangements with Apple to settle the case and pay up damages. It was alleged that Samsung had infringed on numerous Apple-owned patents that covered the iPhone.
Interestingly, earlier in the year Samsung filed documents with the US court stating the company wished to take the case forward to the Supreme Court with an appeal. This was after the courts closed down and rejected Samsung’s appeal to pay Apple damages.