Apple and HTC Organize a Truce, Sign 10-Year Licensing Pact
November 11, 2012 3:31 PM
comment(s) - last by
Apple, HTC kiss and make up
Before his death, former Apple CEO Steve Jobs stated that
he was willing to go "thermonuclear" on Google
and the manufacturers that produce devices running Android OS. It appears that current Apple CEO Tim Cook, however, is taking a softer approach on the warfront.
Apple and HTC have
been in and out of court for years
, battling over smartphone patents. Most recently, Apple
lost its bid to ban HTC's One X and EVO 4G LTE
over its claim of infringement on a "data tapping" patent. However, both companies announced yesterday that the two companies have reached a settlement on all pending litigation. All current lawsuits are being tossed and the two companies have entered into a ten-year licensing agreement.
Apple CEO Tim Cook [Image Source: David Paul Morris / Bloomberg]
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said HTC CEO Peter Chou.
“We are glad to have reached a settlement with HTC,” said Apple CEO Tim Cook. “We will continue to stay laser focused on product innovation.”
The terms of the agreement are confidential.
HTC CEO Peter Chou [Image Source: Tomohiro Ohsumi/Bloomberg]
HTC has been taking on water in recent months, and has
seen an erosion of profits
as Samsung has
strengthened its position in the smartphone market
HTC has also made drastic cuts to its research and development programs while also scaling back its marketing efforts. Perhaps Apple just doesn't see much of a threat from HTC anymore, and was more willing to make a deal.
Apple still has a
hard-on for Samsung
, so we doubt that the boys from Cupertino will be reaching any licensing agreements with that South Korean electronics giant any time soon.
This article is over a month old, voting and posting comments is disabled
RE: What innovation?
11/12/2012 12:55:14 PM
Oh, boy, where to start?
1) Job's remarks were not, repeat, WERE NOT "off the cuff". They are written in his F********* official biography by his F********** official biographer
2) Do you know EXACTLY when Steve Jobs said that? Do you know if he was in pain when saying it? No, you don't
3) In any case, even assuming his illness somehow affected his brain and made him say things he wouldn't otherwise say, he still was the CEO of Apple when he said them.
"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher
HTC Makes Deep Cuts to R&D, Marketing, Amid Financial Panic
October 26, 2012, 11:55 AM
Samsung Reports $7.4 Billion Profit, Sells 56.3 Million Phones
October 26, 2012, 5:04 PM
Samsung Alleges in New Filing That Apple's iPhone 5 Infringes on Its Patents
October 2, 2012, 1:01 PM
Apple's Samsung Tablet Ban Upheld, HTC Phone Ban is Rejected
July 3, 2012, 6:45 PM
Game Over? Apple's Bid to Kill HTC Nears Fruition as ITC Blocks Imports
May 16, 2012, 11:35 AM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information