HTC "happy" with Apple settlement, slams media estimates

TOKYO Tue Nov 20, 2012 2:46pm IST

A HTC smartphone (R) and an Apple iPhone are displayed for the photographer at a mobile phone shop in Taipei March 3, 2010. REUTERS/Nicky Loh

A HTC smartphone (R) and an Apple iPhone are displayed for the photographer at a mobile phone shop in Taipei March 3, 2010.

Credit: Reuters/Nicky Loh

Related Topics

Stocks

   

TOKYO (Reuters) - 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.

(Reporting by Mari Saito; Editing by Michael Watson and Muralikumar Anantharaman)

FILED UNDER:

Tech Wrap

Reuters Showcase

Sahara Saga

Sahara Saga

Some staff say Sahara has not paid salaries for months   Read 

Jihadi John

Jihadi John

British PM Cameron vows to hunt down 'Jihadi John'.  Full Article 

Economic Survey

Economic Survey

India in "sweet spot" of lower deficits, more growth - Economic Survey.  Full Article 

Movie Review

Movie Review

"Dum Laga Ke Haisha" is rooted in reality, writes Shilpa Jamkhandikar.  Read | Ab Tak Chhappan 

Nimoy Dies

Nimoy Dies

Leonard Nimoy, Star Trek's 'Mr. Spock,' dies at 83.  Full Article 

Gown Returned

Gown Returned

Lupita Nyong'o's $150,000 Oscar gown returned by thief via TMZ.  Full Article 

NZ vs Australia

NZ vs Australia

Boult destroys powerful Australia batting lineup.  Full Article 

World Cup 2015

World Cup 2015

Full coverage of cricket world cup in Australia and New Zealand.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage