This particular dispute has been going on since 2011 when Apple sued Samsung. In December 2016, the court sided unanimously with Samsung's argument that a patent violator does not have to hand over the entire profit it made from stolen designs if those designs covered only certain portions of a product but not the entire object. Fast forward to May of this year, and Samsung was ordered to pay $539 million in damages in the case, but it was thought that the company might, once again, appeal the decision.
How much, if anything, Samsung must now pay Apple under Wednesday's settlement could not immediately be learned.More news: Serbia vs. Brazil - Football Match Report
Despite their legal issues, both Apple and Samsung are still the global leaders in term of smartphone sales, though Chinese phone makers Huawei and OPPO have begun to eat into Samsung's market share recently.
Apple delivered the following statement last May when the case was first ruled on, and it referred The Verge to that statement once more. "We believe deeply in the value of design, and our teams work tirelessly to create innovative products that delight our customers", Apple wrote. But the case has had a lasting impact on U.S. patent law.
In 2012, a jury awarded Apple more than $1-billion in its initial showdown with its South Korean rival in federal court in San Jose, California.
Samsung appealed part of that award, taking its case all the way to the Supreme Court, arguing that damages should be limited since patent infringement involved only certain features.