HTC and Apple send out an announcement that they've resolved all their outstanding patent issues and have entered a 10-year licensing agreement that covers current and future patents held by both parties. As part of the agreement, HTC will pay Apple license fees, no details where shared on how much money is involved, although HTC representative Jeff Gordon referred to it as an amount that will not have any adverse material impact on HTC's financials.
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.”