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Samsung exec rejects chance of post-HTC talks with Apple

updated 10:04 am EST, Wed November 14, 2012

No intentions to negotiate 'at all'

Despite recent developments, Samsung still doesn't intend to negotiate for an out-of-court settlement with Apple, says the head of Samsung's mobile and IT division, Shin Jong-kyun. "It may be true that HTC may have agreed to pay 300 billion won [$276 million US] to Apple, but we don't intend to [negotiate] at all," he tells reporters. Neither Apple nor HTC have announced the exact financial details of their settlement; Shin is likely referring to analyst estimates that HTC will be paying Apple $6 to $8 per phone in licensing fees, which could amount to between $180 million and $280 million in 2013.

The HTC deal came largely as a surprise, and has fueled speculation that other settlements could be around the corner. Apple CEO Tim Cook has previously expressed a willingness to settle, in contrast to the more aggressive stance taken by his predecessor, Steve Jobs. Samsung though has already suffered a major legal defeat at Apple's hands, and may not be in a good negotiating position.



By Electronista Staff
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  1. pairof9s

    Mac Enthusiast

    Joined: 01-03-08

    In denial

  1. Dave Sidaway

    Registered User

    Joined: 08-09-12

    "pay 300 billion won [$276 million US] to Apple" I think that should read 300 million, not billion.

  1. Spheric Harlot

    Clinically Insane

    Joined: 11-07-99

    Originally Posted by Dave SidawayView Post

    "pay 300 billion won [$276 million US] to Apple" I think that should read 300 million, not billion.



    Since 300 million South Korean won converts to about $US 276,000, I'd say you're wrong.

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