Apple and Samsung have been duking it out in the courts for a couple of years now, but today's news could be the beginning of the end. Both companies have jointly announced an agreement to drop all suits against each other in countries outside the U.S. This includes Australia, Japan, South Korea, Germany, Netherlands, the U.K., France, and Italy.
What's interesting here is that not only is the U.S. excluded from this, but there is no cross-licensing agreement in place. So the current suits are no more, but how does this stop either company from filing new suits? It doesn't, but I guess we can be thankful for this first step because these lawsuits do nothing but put money in the attorney's pockets and stifle innovation.
source: Bloomberg
