The settlement signed on Tuesday related to patents for mobile technology that helped Apple to revolutionise the phone industry in 2007 when it launched the first iPhone.
Although terms of the settlement were not disclosed, previous patent licensing deals in the phone industry have been worth up to 5% of the price of the device involved. At €8, or $11.50 (£7), they would represent about 4.5% of the estimated average $264 cost price of an iPhone, which Apple sells to retailers and phone networks for an average of $660. Apple has sold 108m iPhones since their launch.