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AfterDawn > News > HTC bashes reports of Apple settlement estimates

HTC bashes reports of Apple settlement estimates

Written by Andre Yoskowitz @ 20 Nov 2012 9:17 User comments (4)

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.

Tags: Apple HTC Smartphones Patents Licensing

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4 user comments

121.11.2012 01:08

Justoneguy

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Maybe a little misinformation from Apple to juice their falling stock? Hmmmmm, I guess we'd have to know the industry "sources" first though.

221.11.2012 08:07

KillerBug

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For all we know the report was accurate and HTC just doesn't want people to know that they are giving money to Apple when they buy one of their phones.

321.11.2012 12:56

Morreale

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Originally posted by Justoneguy:
Maybe a little misinformation from Apple to juice their falling stock? Hmmmmm, I guess we'd have to know the industry "sources" first though.

This was my first thought too.

426.11.2012 11:25

LordRuss

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It just 'erks' me that I'm paying Apple something in a third or fourth handed kind of way as it is.

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HTC bashes reports of Apple settlement estimates

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