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

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

AirAsia Jet Crash

AirAsia Jet Crash

AirAsia captain left seat before jet lost control - sources  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Romney Opts Out

Romney Opts Out

Republican Romney opts out of 2016 run for president.  Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

Safety Concerns

Safety Concerns

Aviation leaders seek new safety mandate after deadly 2014.  Full Article 

Movie Review: Hawaizaada

Movie Review: Hawaizaada

Movie Review: Hawaizaada  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

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