Apple and Samsung Are Headed to Court
Two-day long settlement talks between the chiefs of Apple (NASDAQ:AAPL) and Samsung over their patent dispute have reportedly not resulted in any agreement, with the companies already preparing to return to their court trial in July. According to a report from The Korea Times, Apple’s Tim Cook and Samsung’s Choi Gee-Sung failed to agree on a settlement.
Cook and Choi were ordered in April by Judge Lucy Koh of the U.S. District Court for the Northern District of California to meet in San Francisco to try and reach a settlement over at least some of the allegations the companies have made against each other. According to Foss Patents, the two chiefs and their general counsels met for nine hours on Monday and seven hours on Tuesday, but without a solution.
The dispute had started in April last year when Apple sued Samsung for copying the “look and feel” of the iPhone for its Galaxy line of smartphones. Samsung countered with allegations of its own, and the fight has only escalated in the last few months.
Last year, Samsung was the biggest smartphone maker in the world and also pushed back Nokia (NYSE:NOK) from the top mobile seller’s spot. Samsung holds 29.1 percent of the market share in smartphones, while Apple has 24.2 percent. Samsung is also a supplier of parts to Apple, complicating the two competitors’ relationship.
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