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.
But when the case went back to lower court for trial this year, the jury sided with Apple's argument that, in this specific case, Samsung's profits were attributable to the design elements that violated Apple's patents.
In 2012, a Jury said that Samsung had to pay Apple over a billion dollars for copying aspects of the iPhone, but that penalty was later reduced by $450 million. Samsung naturally defended its position vigorously, and would soon file a number of countersuits against Apple for patent infringement.
The two giants informed the district court in San Jose, California, "they have agreed to drop and settle their remaining claims and counterclaims in this matter", according to an order signed by Judge Lucy Koh of the Northern District of California. Terms of the legal settlement were not disclosed.
The settlement comes weeks after a United States jury ordered Samsung to pay Apple $539 million in damages for copying features of the original iPhone.
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However, it was never proved if the match was thrown, but henceforth all final group matches were played together. How both sides approach the match will be a good indicator of their respective philosophies and team culture.
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The Queen was all smiles at the event as she shook hands with David Beckham and Nicola Adams before the ceremony began. It is a sign that the Monarch is ready for Meghan to take on more royal duties as she gracefully met the youngsters.
Samsung declined to comment about the settlement.
The most recent damages award was considered a victory for Apple but something of a split decision.
As the settlement made headlines, Apple said in a statement, "We believe deeply in the value of design, and our teams work tirelessly to create innovative products that delight our customers". It is important that we continue to protect the hard work and innovation of so many people at Apple. But the case has had a lasting impact on U.S. patent law.
Apple originally pursued to obstruct Samsung phones from the market, but the technology at debate has for a long time obsolete, and the battle since then has predominantly about money.