It has been reported that after a two year dispute between Apple and HTC, the two tech giants have agreed a settlement over their patents and have signed a 10 year licence agreement.
This licence agreement between Apple and Taiwanese phone manufacturer HTC is set to cover current and future patents held by both companies.
Peter Chou, Head of HTC, has said: “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation.”
HTC is a direct competitor to Apple and Samsung in the smartphone and tablet market; however unlike its rivals, HTC has seen a decline in sales from the end of 2011.
HTC has upgraded its HTC One flagship smartphone and has introduced two new models that run Microsoft’s Windows Phone 8 software in a bid to boost its sales.
Even though Apple has settled patent disputes with HTC, Apple still has further ongoing cases with Samsung. Both firms have accused one another of infringing patents whilst copying ideas and designs.
Apple was awarded £652m in damages from Samsung in a California court hearing earlier this year. Samsung strongly believe they should have won the case and have therefore called for a retrial.