(GSM Insider) Earlier today, both HTC and Apple reached "global settlement" on the recent patents disputes between both companies. It is certainly a good news for both companies at least for the future 10 years.
Here are the press release from both Apple and HTC:
TAIPEI, Taiwan and CUPERTINO, California—November 10, 2012—HTC and Apple® have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”
This is certainly a smartphone move from both Apple and HTC. Recently, Samsung just lose the case against Apple and required to pay $1billion compensation. Both parties do not stated on the fees that they agreed.
From recent financial report of HTC, they certainly does not wish to get fine on such amount since their profits are not great.
With this settlement, both companies are able to focus on own smartphone development at least for the future 10 years ahead.
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