Apple-HTC Settlement to Boost Apple Revenue by $280m
CUPERTINO, USA – Apple and HTC have announced a settlement for all their ongoing litigation regarding patent disputes.
The two companies publicized the agreement last weekend concerning the disputes that spans over the last years. Although the financial terms have not been released by either incorporation, they have agreed to a 10-year licensing agreement for all current and future patents from both of the companies.
Analysts have revealed that Apple will widely benefit from the deal, as it is likely to generate about $6 to $8 as a license fee for each HTC smarphone unit sold in 2013. For the estimate, that is said to be about a number between 30m to 35m units, Apple may earn around $180m to $280m from the licensing revenue.
Experts predict that Apple’s next step would be to bring in other companies, such as Samsung and Motorola, for a joint licensing agreement.