It seems that whenever Apple gets a bit upset with another company, it always gets the courts involved (the intellectual equivalent of ‘telling the teacher’). If you’ve been watching the Apple news roll out over the weekend, you’ll know that Apple has just ended its recent dispute with HTC with a 10 licensing agreement.
We didn’t know exactly what the details were regarding financials until today and it seems Apple will take up to $8 for every HTC device sold. With HTC selling 30-35 million devices (Android-based only) handsets every year, Apple can expect a welcome $280 million from HTC every year, according to an analyst from Business Insider.
Now, although $280 million a year is a sublime amount of money to you or me, to the world’s most valuable company, it’s mere back-pocket change, considering that in the September quarter alone, Apple earned a net profit of $6.6 billion, selling 50 million iOS devices.
However, when you remember that this pact will stay in effect for 10 years, you’ll be able to work out that Apple will earn a total of $2.8 billion from HTC, assuming that HTC’s sales don’t drop or increase over the course of the next decade.