Apple and HTC had several dozen lawsuits open in courts around the world, but last night both companies they published press releases announcing that they have concluded a global agreement whereby they license each other's technologies for a period of 10 years. No one knows what exactly the two companies licensed, or why they chose to come to an agreement now, but we will certainly find out details in the following weeks, because the employees involved will be eager to share their experience with various journalists.
In the past, Apple had several victories over HTC, but an agreement of this kind is beneficial for both companies and is probably not the last one concluded by Apple. From my point of view, the agreement concluded by Apple today gives it the opportunity to focus better on the lawsuits against Samsung, which are really important to management.
HTC and Apple Settle Patent Dispute
All Patent Litigation Between the Companies Dismissed
TAIPEI, Taiwan and CUPERTINO, California—November 10, 2012—HTC and Apple® have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC.
"We are glad to have reached a settlement with HTC," said Tim Cook, CEO of Apple. "We will continue to stay laser focused on product innovation."
