TAIWANESE PHONE MAKER HTC's CEO Peter Chou has expressed satisfaction at the firm's patent settlement with Apple, saying the company is happy with the agreement.
HTC and Apple reached a licensing agreement last week that covers existing and future patents held by both firms.
However, full details of the settlement have not been made public, but that didn't stop rumours from circulating that HTC will have to pay Apple several dollars for every Android phone is sells.
Chou on Tuesday debunked these rumours, Reuters reports, calling the online guesses "outrageous estimates".
"I think that these estimates are baseless and very, very wrong. It is a outrageous number, but I'm not going to comment anything on a specific number. I believe we have a very, very happy settlement and a good ending," said Chou at a KDDI Corp product launch in Tokyo.
Apple is clearly satisfied too, as speaking on the day of the settlement announcement, 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."
Don't expect to see a similar settlement between Apple and Samsung, as the Korean phone maker has said it has no plans to knuckle under to Apple.
"It may be true that HTC may have agreed to pay 300 billion won ($276m) to Apple, but we don't intend to [negotiate] at all," Samsung CEO ShinJong-Kyun reportedly said last week. µ
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