The agreement comes with a 10-year licensing agreement for the two companies.
Both CEOs were excited with the news: "HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," added CEO Peter Chou. Apple CEO Tim Cook said: "We are glad to have reached a settlement with HTC. We will continue to stay laser focused on product innovation."
The companies were embroiled in 20 lawsuits across the globe, including some heavier ones with the U.S. International Trade Commission, which would have eventually led to injunctions on Apple and HTC devices.
Apple had accused HTC (and other Android phone makers) of infringing on patents relating to software. HTC had accused Apple of infringing on their own patents with the iPhone and also with Mac devices like the Macbook Air.
Written by: Andre Yoskowitz @ 11 Nov 2012 12:30