|Nov 11, 2012, 12:40 PM||#1|
Apple Reportedly Paid $21 Million for Rights to Swiss Railways Clock Design
Back in September, the Swiss Federal Railways accused Apple of copying its iconic clock design for the new Clock app for iPad included as part of iOS 6. Several weeks later, the agency announced that the dispute had been settled with Apple signing a licensing agreement for the design, although terms of the agreement were not announced.
Tages-Anzeiger now reports [Google translation] that the licensing agreement resulted in Apple making a payment of approximately 20 million Swiss francs ($21 million) to the agency. The report indicates that amount has been leaked by several sources, but the Swiss Federal Railways and Apple have refused to comment on the situation.
The report also suggests that the licensing agreement may not provide any compensation to watchmaker Mondaine, which has been the sole consumer-focused licensee of the design. Mondaine is reportedly happy that Apple has provided increased visibility for the clock design, but remains in discussions with the Swiss Federal Railways over the issue in order to ensure that it is resolved to the satisfaction of all parties involved.
Article Link: Apple Reportedly Paid $21 Million for Rights to Swiss Railways Clock Design
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