Both the firms have also signed a 10-year licensing agreement that offers rights to existing and future patents of held by them
US based Apple and Taiwanese smartphone maker HTC have settled their current patent disputes, ending a conflict that started in March 2010.
Both the firms have also signed a 10-year licensing agreement that offers rights to existing and future patents of held by them.
Apple CEO Tim Cook said that the firm was glad to have reached a settlement with HTC.
"We will continue to stay laser focused on product innovation," Cook said.
In 2010, Apple accused HTC of infringing on the US based iPhone maker's patented technology, which has also overwhelmed competitors including Samsung Electronics and Google's Motorola Mobility.
During early 2012, a California court had awarded Apple $1.05bn in damages against Samsung, which ruled that Samsung had infringed several of Apple's software and design technologies, however HTC had been asking for a retrial.
HTC CEO Peter Chou said: "HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation."
Apple and HTC have been litigating each other for 32 months in Europe and the US, however Apple had achieved success by temporarily halting the US imports of HTC manufactured smartphones.