Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  HTC Corp    2498   TW0002498003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Apple and HTC settle global patent battle

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/11/2012 | 04:01am CEST

Apple Inc and HTC Corp announced on Saturday a global patent settlement and 10-year licensing agreement that ends one of the first major conflagrations of the smartphone patent wars.

Apple sued HTC in 2010, accusing the Taiwanese handset company of infringing on the iPhone maker's patented technology. It was Apple's first major legal salvo against a manufacturer that used Google's Android operating system.

Apple and HTC did not disclose specific terms of the deal. In a joint statement, Apple chief executive Tim Cook said he was glad to reach a settlement.

"We will continue to stay laser focused on product innovation," Cook said. HTC chief executive Peter Chou said his company was pleased to resolve the dispute so it could "focus on innovation instead of litigation."

Since Apple first sued HTC, its smartphone patent war has engulfed competitors like Samsung Electronics Co Ltd and Google's Motorola Mobility unit.

The iPhone maker won a $1.05 billion verdict against Samsung in August, while litigation against Motorola has failed to produce any decisive wins.

However, Apple had the most success against HTC when it came to using litigation to actually disrupt the flow of products into the crucial U.S. market.

Late last year, the U.S. International Trade Commission ruled that HTC had infringed upon one of four patents Apple had disputed and imposed a sales ban on some of the Taiwanese maker's phones.

Though HTC said it had devised a technical workaround to Apple's patents, the company announced in May that shipments of its phones were being held up by U.S. customs officials.

Once one of the industry's high flyers, HTC has been badly hit by competition from Apple and Samsung. Last month HTC forecast a 14.5 percent fall in revenue in the fourth quarter from the third, worse than analyst forecasts and the second straight quarterly decline this year.

(Reporting By Dan Levine; Editing by Peter Cooney and Todd Eastham)

By Dan Levine

Stocks treated in this article : Samsung Electronics Co., Ltd., HTC Corp, Apple Inc., Google Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on HTC CORP
06/27 HTC : The Board of Directors resolved to relieve the 2nd Compensation Committee ..
06/27 HTC : The Company's 2016 AGM approved to release the newly-elected Directors fro..
06/27 HTC : Announcement of Election of Chairwoman by the Board of Directors
06/27 HTC : Announcement of the Company's newly-elected directors and supervisors for ..
06/27 HTC : Important resolutions of 2016 Annual General Shareholders' Meeting
06/23 HTC : Researchers Submit Patent Application, "Virtual Reality System", for Appro..
06/22 HTC : To explain the Liberty Times Net report on June 22, 2016
06/20 HTC : 'Camellia red' HTC 10 to be available in Taiwan market
06/15 HTC SECURES ORDERS TO BUILD NEXUS SM : report
06/10 HTC : hopes HTC 10 will boost sales momentum
Advertisement
Income Statement Evolution
More Financials