Apple and HTC agreed a 10-year licensing deal earlier this month, resolving protracted arguments over alleged patent breaches.
Some reports, however, susbequently suggested that the settlement involved a payment per Android device sold of at least $6 from HTC to Apple.
Today chief exeuctive Peter Chou called those reports "outrageous", and said his HTC Corp was happy with the deal.
The companies did not disclose details of the settlement or the licensing agreement, but HTC said it will not change its fourth-quarter guidance.
Responding to a question about media reports that HTC will pay Apple $6 to $8 per Android phone as part of the patent settlement, Chou said the bruising battle had been poorly represented in the media.
"I think that these estimates are baseless and very, very wrong. It is a outrageous number, but I'm not going to comment anything on a specific number. I believe we have a very, very happy settlement and a good ending," said Chou at a product launch in Tokyo.
Apple sued the Taiwanese handset maker in 2010, its first major legal salvo against a manufacturer using Google's Android operating system. Since the suit, a patent war has engulfed competitors including Samsung and Google's Motorola Mobility.
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