In a rare case of a corporations actually coming to their senses, Apple and Amazon have agreed to settle their 2011 lawsuit over whether Amazon could use the term “app store.” Both Apple and Amazon will continue to be able to use the name for their stores where applications for their respective tablets may be purchased.

Did Apple decide the suit was pointless with the DoJ breathing down their neck about bigger issues? Or just realize that the ship had sailed and the term was already in generic use at this point? Who knows? The important thing is, both corporations will be spared the extra time and money that prosecuting or defending this case would have cost, so they can concentrate on other things. Like selling e-books.

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