HTC: No Way are We Paying Apple £5 Per Phone

By Jamie Condliffe on at

Earlier this month it was announced that Apple and HTC reached a patent settlement which would see the Taiwanese phone manufacturer enter into a 10-year licensing agreement. Now, HTC has firmly quashed rumoured figures which suggested they'd pony up $8 (£5) to Cook and co for every Android handset it sold.

Peter Chou, CEO of HTC, has referred to the $8 figure as "outrageous", reports Reuters. During an interview in Tokyo he explained:

"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."

So, while it's not clear exactly how much HTC is paying Apple, it seems it's not quite as generous as the rumour mill had you believe. [Reuters]