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:

REUTERS SHOWCASE

Priya's Shakti

Priya's Shakti

Rape survivor turns "superhero" in India's first digital comic.  Full Article 

U.S.-Cuba Ties

U.S.-Cuba Ties

U.S., Cuba restore ties after 50 years.  Full Article 

Threat Works

Threat Works

U.S. determines N.Korea behind Sony attack as studio pulls comedy 'The Interview'.  Full Article 

A Minute With

A Minute With

Reuters interviews Rajkumar Hirani ahead of the release of "PK".  Full Article 

Safety Concerns

Safety Concerns

Uber plans tighter screening for drivers.  Full Article 

New Tax Regime

New Tax Regime

Cabinet clears bill for nationwide goods and services tax.  Full Article 

BlackBerry's 'Classic'

BlackBerry's 'Classic'

BlackBerry woos keyboard loyalists with launch of Classic.  Full Article 

Reuters India Mobile

Reuters India Mobile

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