HTC and Apple have announced that the two companies have settle all of their litigation with a ten-year licensing agreement. Complete details of the deal are confidential, but it looks like Apple and HTC will be spending a lot less money on legal fees over the next decade.
The announcement by the two companies is unprecedented in the mobile industry and should help the two companies focus more on innovation instead of looking for ways to program around each other’s patents. While HTC has a lot to benefit from this new agreement, the announcement is unexpected. Several months ago, HTC’s Cher Wang made it clear that HTC would not be settling its patent disputes with Apple and that the company would be focusing a lot more of its resources on its intellectual property and purchasing new patents in an effort to protect itself from Apple and other OEMs.
One we know more details regarding Apple and HTC’s cross-licensing agreement, we’ll let you know.
[toggle_box title=”Press Release” width=”Width of toggle box”]All Patent Litigation Between the Companies Dismissed
TAIPEI, Taiwan and CUPERTINO, California—November 10, 2012—HTC and Apple
