HTC and Apple announced yesterday they have signed a 10-year patent agreement, which was rather surprising if we take into consideration the number of disputes opened between the two companies.
Under agreement, all present lawsuits will be dismissed, so HTC and Apple will be able to focus on innovation, both companies claim.
Although the ten-year agreement covers current and future patents of both giants, the term of the agreement are still confidential.
However, Mashable reports Sterne Agee analyst Shaw Wu claims HTC has agreed to pay Apple $6-$8 licensing fees for every Android device it sells in the next 10 years. The information comes from multiple sources close to the matter, Wu says.
If these numbers are accurate, HTC will pay have to pay Apple $180 - $280 million (€140 - €220 million) annually in licensing fees. Stay tuned for more updates on the matter.