Click to Skip Ad
Closing in...

HTC CEO refutes reports of hefty licensing fees in Apple patent deal

Published Nov 20th, 2012 4:40PM EST
HTC Apple Patent Settlement Fees

Apple (AAPL) and HTC (2498) shocked the tech world last week when the pair announced that they had agreed to a patent settlement and resolved all of their open disputes. The deal served as a ray of light for other Android vendors, and a sign that Apple’s “thermonuclear war” on Android might be coming to an end. Subsequent estimates from Sterne Agee analyst Shaw Wu suggested HTC agreed to pay Apple between $6 and $8 per Android device shipped to license its various mobile patents for the next 10 years, however company CEO Peter Chou has refuted Wu’s estimates, calling them “outrageous” according to Reuters. At $6 to $8 per device shipped, Apple would have pulled in as much as $280 million from the deal in 2013, as HTC is expected to ship as many as 35 million smartphones next year according to Sterne Agee’s estimates.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.