US Court of Appeals for the Federal Circuit confirmed the previous verdict on Monday that Samsung had infringed the specific designs of Apple iPhone, but overturned a key finding that Apple’s trademark rights were also violated.
The court decision, translates as almost 40 percent reduction in Apple’s $930M win, is welcomed by both parties.
"This is a victory for design and those who respect it," Apple said in a statement on Monday.
Despite the court verdict, Samsung reiterated their position.
"We remain confident that our products do not infringe on Apple’s design patents and other intellectual property," Samsung said.
During the 2012 trial between two giants, the court found out that Samsung violated Apple’s patents including iPhone’s design and appearance and awarded Apple with $930 million. But Apple couldn’t have a verdict enforcing a ban of Samsung’s infringing phones, which are now obsolete.
While shares of Samsung climbed 2.6 percent in Seoul, Apple’s shares rose 1.8 percent after the decision.