In a joint statement, the companies said they had reached a global settlement that dismisses all existing lawsuits and includes a 10-year license agreement.
The license agreement applies to current and future patents held by Apple and Taipei, Taiwan-based HTC, which makes smartphones and tablet computers that use the Google (GOOG) Android and Microsoft (MSFT) Windows Phone operating systems.
The companies said they're keeping the terms of the settlement confidential."HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC, in the statement. "We are glad to have reached a settlement with HTC," said Tim Cook, CEO of Apple, in the statement. "We will continue to stay laser focused on product innovation." Shares of Cupertino, Calif.-based Apple closed Friday up $9.31, or 1.7%, at $547.06. > > Bull or Bear? Vote in Our Poll
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV