Printed from http://www.electronista.com

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
Post tools:

TAGS :

toggle

Comments

  1. pairof9s

    Senior User

    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.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News