Samsung on Apple: There Will Be No Love Pact
Hopes have risen for a possible legal settlement between bitter smartphone rivals Samsung and Apple (NASDAQ:AAPL) ever since the iPhone maker struck a friendship pact with HTC, also one of its Google (NASDAQ:GOOG) Android competitors. However, if one Samsung executive is to be believed, respite is nowhere in sight.
Shin Jong-kyun, Samsung’s head of mobile and IT, told reporters that the company had no intention on negotiating a settlement with Apple. “It may be true that HTC may have agreed to pay 300 billion won ($276 million) to Apple, but we don’t intend to (negotiate) at all,” Shin told reporters, according to Yonhap News.
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Earlier this week, Apple and HTC announced a 10-year agreement that settles all their patent cases against each other and fixes a licensing price for the use of patents within that period. While financial terms of the deal were not made public, according to one analysis, Apple will receive a fee of between $6 and $8 for every HTC Android phone sold.
Apple has been involved in patent battles around the world with several of its Android smartphone rivals over the past couple of years.
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