How Apple and Samsung Got to $548 Million

2007: Steve Jobs unveils the iPhone.

“I will spend my last dying breath if I need to, and I will spend every penny of Apple’s $40 billion in the bank, to right this wrong. I’m going to destroy Android, because it’s a stolen product. I’m willing to go to thermonuclear war on this.” —Steve Jobs to Walter Isaacson, March 2010.

In a joint statement filed in federal court in San Jose, Calif. on Thursday, Samsung agreed to pay Apple $548 million to settle a patent infringement lawsuit filed nearly five years earlier. Apple AAPL had demanded more than $2 billion. The original jury verdict was for just over $1 billion.

The lawsuit, one of more than 50 Apple and Samsung filed against each other in at least 20 countries, was among the world’s most closely watched patent trials, with many twists and turns.

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The highlights:


The mills of God grind slowly, yet they grind exceeding small.” —Henry Wadworth Longfellow

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple AAPL coverage at or subscribe via his RSS feed. You might also want to subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.

For more of Fortune’s coverage of the Samsung settlement, watch the video below:

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