Apple, Samsung end global patent dispute

Apple and Samsung have agreed to end their international patent disputes around the world except in the U.S.

We'll talk about Apple and Sumsung, right now though they have agreed to end their patent dispute around the world except here in the US, the partial truth comes after three years of acrimonious arguments between two of the biggest names in tech, CNN money's Paul joins us now here in New York. Paul they are able to agree everywhere else in the world, why didn't they make a global agreement on this?

Yes, you would think that would be part of such a deal, but i think it really just go out to show how critically important the America's smartphone market is to both Apple and Sumsung, they are willing to fight a little bit longer to try to figure out how this war will end as opposed to just settling around the rest of the world like they just did.

To what extent do we feel these legal battles over patent in the tech row are distracting some of these companies from engaging in their core markets, i mean we just have the story yesterday, i saw on your website today about how these Chinese competitors are really eating away at their market shares at least in China, potentially pose a global threat, i'm assuming as soon as they get out of the court room and back into the ball room, the better it will be.

I think to a certain extent that's true, but it might be a little overstated, i mean i think really when it comes down to it, you know the general council of these company, it's the one that's really doing most of the fighting, regarding the legal battle, i don't think the engineers have to worry about it too much, calling on something that Tim Cook is spending at Apple the majority of his time, but let's be honest when you the irony here is that most smartphones right now are pretty similar to each other, there is a lot of copy cat in the industry, i mean Apple which we all expect to be unveiling the Iphone 6 next month, everyone is really eager to see if they're going to have a bigger screen, for the Iphone that's exactly what Sumsung already have for the Galaxy, so we are seeing more duplication than innovation right now.

Absolutely, it doesn't seem like that's going to end, all right i guess they have to gear up, the new launch is coming in the fall, not ready yet, Paul but we will be talking about it i'm sure, thank you so much. (Possibly September 9), market calendar, September 9, all right we will put that down and we will talk about it, thanks Paul.