Samsung have no intention of settling with Apple unlike HTC

Written by Russell Co. Posted in News

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Published on November 15, 2012 with No Comments

Samsung’s head of mobile and IT, Shin Jong-kyun, has told Yonhap News that they have no intention of settling with Apple on their ongoing patent war. The two IT giants have been engaged in a patent war in four continents since April 2011.

“It may be true that HTC may have agreed to pay 300 billion won (US$276 million) to Apple, but we don’t intend to (negotiate) at all,” said Shin Jong-kyun.

Shin’s remarks come after news broke that HTC recently agreed to settle with Apple in a 10-year licensing agreementMarket analysts speculated that as part of the settlement, HTC would pay between $6 to $8 per phone, amounting to $180 million to $280 million a year for Apple. They also speculated that the settlement would influence other legal battles Apple was embroiled in and could lead to similar settlements. But it looks like this is not the case as Samsung has stamped their foot down and rules out patent talks with Apple.