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Samsung and Apple settlement talks fail

Posted on Friday, May 25 2012 @ 18:34:17 CEST by


DailyTech reports Samsung and Apple have abandoned settlement talks and are gearing up for total (legal) war. Full details over here.
According to a report by The Korea Times, the phone industry's two largest players, and two of the world's largest intellectual property owners, walked away from the settlement table despite the efforts of Magistrate Judge Joseph Spero to encourage their chief executives to work out a compromise. With settlement talks failed the "nuclear war" will begin with Apple's trial, which is scheduled for July 30.

For Apple and Samsung the cost of battle may be enormous. Both companies could see their products banned, at least temporarily in certain regions. Samsung may be forced to abandon billions in chipmaking revenue it takes in from Apple on a yearly basis.

And Apple may be forced to find a new supplier for its smartphone CPUs. With past trials reportedly not going well, that could mean inferior product and fewer upgrades for the iPhone.




 



 

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