HTC CEO describes Apple patent licensing estimated are outrageous, baseless and very, very wrong -
A little over a week ago, HTC and Apple announced a 10-year joint patent licensing agreement which settled all legal disputed between the two companies. Terms of the agreement are confidential, but an industry analyst estimated that HTC would be paying Apple $6 to $8 for every Android phone that the company manufactured.
HTC has not released an official statement on the matter, but Peter Chou, CEO of HTC did have a few words to say when he was asked to comment of the licensing estimates. Peter Chou did not give any concrete details about the HTC and Apple patents licensing agreement, but he did say that the $6 to $8 estimated payment per device was an “outrageous number.”
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
We’re hoping that Apple and HTC eventually release the details of their patent settlement, but we suspect we’ll have to settle for “baseless and very, very wrong” estimates from industry experts for a bit longer.