Nokia and Apple settle patent dispute

Finnish phone maker Nokia has won its long-running patents case against Apple and will receive a one-off €800m payout from the maker in addition to royalties.

The patent case was brought by Nokia against Apple in October 2009 and related to its patented technologies used in smartphones.

The settlement signed on Tuesday through a licensing agreement will see Apple commit to regular royalties for every device sold.

Nokia said in a statement: “The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement.”

“Apple and Nokia have agreed to drop all of their current lawsuits and enter into a license covering some of each others' patents, but not the majority of the innovations that make the iPhone unique,” Apple said after the settlement.

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *