Apple Inc. and Samsung Electronics Co. reached a settlement in their U.S. patent battle, putting an end to a seven-year fight over smartphone designs that spanned the globe.
The string of lawsuits started in 2011 after Steve Jobs, Apple’s co-founder who died that year, threatened to go “thermonuclear” on rivals that used the Android operating system and accused Samsung of “slavishly” copying the iPhone design. The companies didn’t disclose the terms of the accord and didn’t immediately respond to requests for comment.
The ensuing litigation cost each company hundreds of millions of dollars in legal fees and tested their reputations ...
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