Tim Cook On Apple’s Patent Battles
Apple uses its financial earnings calls not only to make announcements regarding its quarterly performance, but also to offer analysts a chance to ask questions.
Talking to analysts this past Tuesday, Apple CEO Tim Cook answered their questions. There was one particular question that was not only interesting but relevant as well: “In terms of flexibility in cash and providing more color, how should we think about opportunities regarding patent disputes? Any thoughts about settling vs ongoing litigation?
Tim Cook responded to the question, saying:
“I’ve always hated litigation. We just want people to invent their own stuff. If we could get an arrangement where we can be assured that’s the case, and that a fair settlement on stuff that’s occurred, I would highly prefer to settle vs. battle.
The key think is that it’s very important that Apple not become the developer for the world. We need people to invent their own stuff.”
We can see Cook’s willingness to settle the patent suits. Apple is hoping to end its long patent war with Samsung in an upcoming mediation. And the talks should go well, considering the fact that Samsung is now more interested in making large phones with styli rather than copying Apple’s latest hit.
Source: iDownload Blog