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HTC and Apple's settlement ends all outstanding litigations globally
Source: AFP |
November 12, 2012, Monday
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TAIWAN'S leading smar-tphone maker HTC said yesterday it has reached a global settlement with Apple, bringing an end to all outstanding litigation between the two companies.
The deal includes a 10-year licensing agreement over patents, HTC said in a statement, without providing further details.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," HTC CEO Peter Chou said in the statement.
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."
HTC and Apple were locked in more than 20 cases in the world including some pending the ruling of the International Trade Commission of the US, according to an HTC official who spoke on condition of anonymity.
Technology giants have taken to routinely pounding one another with patent lawsuits. Apple has accused HTC and other smartphone makers using Google's Android mobile operating system of infringing on Apple-held patents.
"This is definitely a positive element to HTC, especially when it is being knocked by poor sales," Mars Hsu of Grand Cathay Securities said.
"Unlike the lawsuits between Apple and Samsung focusing on the alleged infringement of iPhone outlook, the suits with HTC are more related to alleged technology infringements," he said.
Apple won an order last December from the US International Trade Commission, which issued a "limited exclusion order" directing that HTC stop bringing offending smartphones into the US effective on April 19.
In May, US telco Sprint said it had to delay the introduction of an Android smartphone from HTC after the devices were blocked by US customs in the first enforcement of a victory in a trade complaint by Apple.
HTC's net profit in the three months to September tumbled 79.1 percent from a year ago to NT$3.9 billion (US$133.1 million), down sharply from NT$18.64 billion.
Revenues totalled NT$70.2 billion, meeting the lower side of the NT$70 billion-NT$80 billion range it had previously forecast. The revenues marked a sharp decline of 48 percent annually when they were NT$35.82 billion.
In the latest of the series of lawsuits between the two companies, HTC in July said it was suing Apple in a district court in Florida but declined to elaborate as the case had entered formal litigation proceedings.
The deal includes a 10-year licensing agreement over patents, HTC said in a statement, without providing further details.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," HTC CEO Peter Chou said in the statement.
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."
HTC and Apple were locked in more than 20 cases in the world including some pending the ruling of the International Trade Commission of the US, according to an HTC official who spoke on condition of anonymity.
Technology giants have taken to routinely pounding one another with patent lawsuits. Apple has accused HTC and other smartphone makers using Google's Android mobile operating system of infringing on Apple-held patents.
"This is definitely a positive element to HTC, especially when it is being knocked by poor sales," Mars Hsu of Grand Cathay Securities said.
"Unlike the lawsuits between Apple and Samsung focusing on the alleged infringement of iPhone outlook, the suits with HTC are more related to alleged technology infringements," he said.
Apple won an order last December from the US International Trade Commission, which issued a "limited exclusion order" directing that HTC stop bringing offending smartphones into the US effective on April 19.
In May, US telco Sprint said it had to delay the introduction of an Android smartphone from HTC after the devices were blocked by US customs in the first enforcement of a victory in a trade complaint by Apple.
HTC's net profit in the three months to September tumbled 79.1 percent from a year ago to NT$3.9 billion (US$133.1 million), down sharply from NT$18.64 billion.
Revenues totalled NT$70.2 billion, meeting the lower side of the NT$70 billion-NT$80 billion range it had previously forecast. The revenues marked a sharp decline of 48 percent annually when they were NT$35.82 billion.
In the latest of the series of lawsuits between the two companies, HTC in July said it was suing Apple in a district court in Florida but declined to elaborate as the case had entered formal litigation proceedings.
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