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Apple and HTC has settled legal claims

Monday, November 12, 2012

After more than two year in legal law suit all over the world, yesterday Apple settled with HTC with a 10 years licensing agreement that dimisses all the lawsuits between them and allows both company to focus on innovation instead of litigation, said Peter Chou CEO of HTC.

The two companies did not release terms of the settlement yet, but some speculation said that Apple will be charging HTC a fee for each device it makes that it uses an Apple patent; Apple did offer Samsung to settle in the past for $30 per unit and they was willing to reduce to $24 as part of a patent cross-licensing deal, but Samsung refused and decided to continue in their trail which resulted in a $1.05 billion judgment it is currently fighting to reduce.

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