HTC bashes reports of Apple settlement estimates

Two weeks ago, Apple and HTC announced an end to their global patent war, agreeing to a 10-year licensing agreement. Last week, Sterne Agee analyst Shaw Wu said industry sources told him Apple will get between $6-$8 for every HTC phone sold. Today, HTC has slammed that report, calling it outrageous."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 HTC CEO Peter Chou at a KDDI Corp product launch in Tokyo.Neither company has disclosed the terms of the agreement which will have HTC pay royalties to license certain Apple patents related to smartphones for the next ten years.Permalink | Comments

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