When HTC and Apple announced that they had entered into a new licensing agreement and dismissed current lawsuits between them, they did not reveal terms of the agreement. Speculation followed that HTC would pay Apple between US$6 and US$8 in licensing fees for each Android device it sells. HTC’s CEO, Peter Chou, today responded to this rumour, dismissing the cited amounts as “outrageous.” Speaking at a carrier event in Japan, he said,
“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
The terms of the agreement are confidential and HTC has only said that it will not “have any adverse material impact on the financials of the company.” Details may yet come to light if a legal request by Samsung to see the terms is granted by the courts.
Read more: Reuters