Apple Will Pay $21 Million to Use Swiss Clock Design

BY Tris Hussey

Published 10 Nov 2012

According to AFP and other sources, Apple will reportedly pay over $20 million dollars to continue to use the iconic Swiss railway clock design in the iPad clock.

Though we knew a settlement was coming, this is the first we heard about actually numbers:

GENEVA — US tech giant Apple has dished out 20 million Swiss francs ($21 million, 17 million euros) to compensate Swiss national rail operator SBB for using its famous clock without permission, a Swiss daily reported Saturday.Via: AFP: Apple pays Swiss rail $21mn over clock dispute: report

From Channel News Asia:

The rail operator’s spokeswoman Patricia Claivaz however told AFP in September SBB was preparing to meet with Apple to discuss why the company had begun using the famous clock on one of its new applications for iOS 6 without authorisation.
Via: Apple pays Swiss rail US$21m over clock dispute – Channel NewsAsia

More details as we track this story