Apple vs. Nokia: agreement, payment on the part of Apple
Nokia announced in a press release that it came to an agreement in the patent dispute with manufacturers Apple. The result is the settlement of the process before the US Trade Commission, as well as the therein included indictments.
Continue to follow a one-time payment of Apple at Nokia and ongoing royalties for the duration of the agreement. Nokia keeps exact details, especially in financial terms, but secret.
Nokia’s President and CEO Stephen Elop was pleased about Apple’s move to the licensee by Nokia. This show “Nokia’s leading portfolio of patents in the industry and allow concentration on more licensing opportunities for the market of mobile communications.” “In the last two decades, Nokia was from 43 billion euros for research and development and has secured over 10,000 patent families.”
In addition Nokia indicates already, that this new agreement has a positive impact on the financial situation of the second quarter 2011. Most recently, it looked for Nokia in view of the ever-increasing competition rather bleak in the Smartphone market and thus also in financial terms.
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