HTC CEO Calls Apple Licensing Deal Estimates Outrageous
HTC’s Chief Executive raised his voice to call earlier media reports about the Apple–HTC settlement outrageous, as they claim the Taiwanese company will be forced to pay up to $8 per Android device sold.
According to Reuters, the two companies agreed to end a global patent war by signing a 10-year licensing agreement this month. But, as Peter Chou highlighted, the media went too far with its speculative 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.
Speculations hit the blogosphere the day after Apple announced that it had finally inked a 10-year licensing agreement with HTC, and Sterne Agee analyst Shaw Wu informed investors through a note that industry sources had informed him that the agreement would result in licensing fees up to $8 per Android device sold in 2013.