HTC Chief Executive Peter Chou said today that he was happy with the settlement reached with Apple, and called the estimates floating around "outrageous."

Earlier this month, Apple and HTC struck a 10-year cross-licensing agreement, putting to bed a long-running and bitter legal battle. While the companies didn't disclose the terms of the deal, analysts had surmised that HTC was on the losing end, and would pay upwards of $6 to $8 per Android phone.

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