HTC and Apple Reach Global Settlement, Agree On Ten-Year License Agreement
HTC and Apple had their fair share of legal battles and you’ll probably remember the HTC One X ban saga (where the U.S. International Trade Commission sided with Apple on December 19, 2011, when it imposed a formal import ban for HTC devices starting April 19, 2012).
According to a joint press release the two companies have reached a global settlement alongside a ten-year long licensing agreement. While the exact terms of the agreement haven’t been made public they guarantee that the two companies will no longer fight each other in the courtrooms for the matters settled (aside from setting an example and precedent that licensing agreements are indeed possible between OEMs).
Here’s what the two CEOs had to say:
Peter Chou, CEO of HTC: “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation”.
Tim Cook, CEO of Apple: “We are glad to have reached a settlement with HTC. We will continue to stay laser focused on product innovation”.
Now that we’ve seen this being possible, do you think we can hope for a similar settlement between Apple and Samsung? Why?