Categories: Tech & Society

HTC “Happy” With Apple Settlement, Slams Media Estimates

Taiwan’s HTC Corp is happy with its patent settlement with Apple Inc, but regards media reports on details of the licensing agreement as “outrageous”, chief executive Peter Chou told reporters on Tuesday.

HTC and Apple announced a global patent settlement and a 10-year licensing agreement this month after a bruising patent war between the two smartphone makers.

The companies did not disclose details of the settlement or the licensing agreement, but HTC said it will not change its fourth-quarter guidance.

Responding to a question about media reports that HTC will pay Apple $6 to $8 per Android phone as part of the patent settlement, Chou said it was an outrageous estimate.

“I think that these estimates are baseless and very, very wrong. It is a outrageous number, but I’m not going to comment anything on a specific number. I believe we have a very, very happy settlement and a good ending,” said Chou at a KDDI Corp product launch in Tokyo.

Apple sued the Taiwanese handset maker in 2010, its first major legal salvo against a manufacturer using Google’s Android operating system. Since the suit, a patent war has engulfed competitors including Samsung Electronics Co Ltd and Google’s Motorola Mobility unit.

Via: Reuters

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

10 hours ago

AI & technology trends in the glass & manufacturing industry

Walk near the glass facade of any modern building in India today, and it would…

11 hours ago

AI literacy for non?tech teachers: A guide to ‘AI for everyone’

Artificial Intelligence (AI) is no longer the exclusive domain of tech experts or computer scientists.…

3 days ago

Is AI assisting students or creating a future of cheaters?

Artificial Intelligence (AI) has been making moves to get into the classrooms. Will it make…

4 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

5 days ago

Craft-tech fusion: Startups redefining Indian handicrafts with AI & e-commerce

India’s handicraft industry is a dazzling mosaic of culture and creativity, now being rewoven with…

6 days ago