Two technology giants, Apple Inc. (NASDAQ:AAPL) and Samsung have announced that they are going to dismiss all patent disputes between them in courts outside the U.S. This step is perceived as a great initiative to minimize the tensions in the tech industry. Apple Inc. (NASDAQ:AAPL) and Samsung have been fighting each other in courts for quite some time now. Discussing this announcement in a program on Fox Business, United Advisors Chief Market Strategist, Scott Martin, and ProActive Communications President, Mark Serrano, said that such steps are good for the international tech market. The experts discussed whether this model can be followed by the American congress to resolve the disputes in the US and also at an international level.
“It’s interesting because Apple Inc. (NASDAQ:AAPL) and Samsung clearly have a financial incentive, but if we take a look and apply this question well, could we get congress to come to a truce like this with the White House. Could we get Russia to come to a truce with the United States and here is an interesting challenge to that question, what we need is a role reversal, to test that question. Let’s get Putin to come here and be the interim speaker of the house and let’s get John Banter to go and run Russia for a while so we can have a role reversal and test this theory […],” said Serrano.
Scott Martin said that the practical implementation of such a truce at the political level is not possible because there is a great difference between the companies and political canvas.
“[…] I think the tough part in relating this to Apple Inc. (NASDAQ:AAPL) and Samsung though is, they kind of need each other, […] they motivate each other. These lawsuits keep everybody on their toes. I am not so sure the administration in congress feel that way. I think they almost want to get us far away from each other as possible and maybe never see each other again,” said Martin.