Nov 11 2012, 1:59am CST | by Mark Raby
HTC apparently did not want to suffer the same gruesome fate as Samsung, and thus has decided to agree to a settlement with Apple after the company filed a big patent infringement lawsuit. This puts...
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Nov 11 2012, 1:59am CST | by Mark Raby
HTC apparently did not want to suffer the same gruesome fate as Samsung, and thus has decided to agree to a settlement with Apple after the company filed a big patent infringement lawsuit. This puts an end to the legal process between the two companies, which has been ongoing since 2010.
Of course, the exact terms of the settlement were not disclosed. However, it was revealed that HTC will be paying a licensing fee to Apple for the use of some of its patented technology for the next 10 years.
Apple CEO Tim Cook said in a statement, "We will continue to stay laser focused on product innovation." Alongside that statement, HTC CEO Peter Chou said he was glad to have the legal nightmare behind him, and said the company can now continue to focus on "innovation instead of litigation."
Although Samsung became the poster child for Apple's very aggressive legal efforts, it was HTC that really started it all. The lawsuit, originally filed in 2010, would be the catalyst for the suits that Apple filed against Samsung as well as other companies including Motorola Mobility (which is now owned by Google).
The reason the Samsung case went to court before HTC is mainly because Samsung didn't pose a lot of issues that required delays. It truly believed that it would be able to defeat Apple. That wound up in a $1.05 billion verdict against Samsung in the US alone, as well as product bans around the world. So HTC probably made the right choice.
Via Reuters
Mark Raby
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.
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