updated 10:08 am EDT, Fri October 12, 2012
Apple has agreed to pay Swiss Federal Railways, better known as SBB, for the use of its clock design in the iOS 6 Clock app. Shortly after iOS 6 debuted, SBB and watchmaker Mondaine -- an SBB licensee -- said they were considering some form of action against Apple, since the analog-style displays in Clock are verbatim replicas of an SBB design. A few days later, SBB mentioned that talks with Apple were impending.
Neither Apple nor SBB has disclosed how much the licensing deal is worth. That's relatively common in such agreements however, and particularly so with Apple, which almost never publicly announces the amount of money it spends on business transactions.