After years of court battles, Apple and Samsung say they are ready to raise the white flag in their overseas patent war. The decision, which was announced a week after Samsung reported lackluster second-quarter earnings due to pressure from Chinese rivals, signals a shift in legal strategy for the company, analysts say, and will significantly scale back a series of legal battles over smartphone patents that began with a lawsuit by Apple in 2011. "It appears that Samsung and Apple, the market leaders, made a strategic alliance as China's Xiaomi is emerging as a formidable rival," said Cho Chang-hoon, a professor at Sogang University.

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