Apple to Pay Lump Sum, Royalties in Nokia Patent Settlement
June 14, 2011 7:38 AM
comment(s) - last by
Nokia CEO Stephen Elop
Enter patent license agreement in which Apple pays Nokia
It was just yesterday
when we reported
that a Japanese market research firm predicts Apple will surpass Nokia in global market share by the end of this year. Against that backdrop,
along with the rest
the mounting bad news
the Nokia camp
, it's especially interesting to learn that Nokia and Apple have settled their ongoing patent dispute and have entered a patent license agreement.
The news was announced this morning via
an official press release from Nokia
. "We are very pleased to have Apple join the growing number of Nokia licensees," said Nokia CEO Stephen Elop. "This settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
The settlement comes after years of grappling in court. Nokia first filed a lawsuit against Apple alleging patent infringement
in October of 2009
. The judge sided with Apple in that case, but Nokia filed another suit earlier this year alleging that Apple also infringed on seven patents related to multi-tasking operating systems, data synchronization, positioning, call quality, and the use of Bluetooth accessories it holds. In response,
Apple filed its own countersuit
But in the settlement announced today, Nokia appears to be the clear winner. Apple will make a one-time payment to Nokia and continue to pay on-going royalties for the term of the agreement. The specific terms of the contract are confidential and were not disclosed.
The settlement puts to rest all complaints that either company has against the other with the U.S. International Trade Commission.
It is also expected to have a positive impact on Nokia's recently revised Q2 2011 profit outlook.
This article is over a month old, voting and posting comments is disabled
RE: Who won ? Apple or Nokia
6/14/2011 8:18:25 AM
Well, with the agreement Nokia has entered into with Microsoft, their own operating systems (for smartphones anyway) become less of an issue, so their strategy with Apple may well have changed. It could be part of why a settlement has now been reached. Microsoft can worry about patents and licensing on WP7 and Nokia has a new stream of revenue from Apple.
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
Report: Samsung to Overtake Nokia in This Quarter, Apple Close Behind
June 13, 2011, 3:57 PM
Nokia CTO Abandons Ship
June 9, 2011, 7:46 AM
Nokia Left Scrambling as Customers Abandon Symbian Platform
May 31, 2011, 5:04 PM
Nokia Restructuring Begins, 4,000 Employees to be Fired
April 27, 2011, 10:10 AM
Update: Apple Claims Invention of Multi-Touch, Phone CPU Undervolting, Sues HTC to Stop Sales
March 3, 2010, 8:15 AM
Man Who Shot Father for Texting During Movie Previews Was Also Texting
March 14, 2014, 2:25 PM
Sony's PS4 Outsells Microsoft's Xbox One for February
March 14, 2014, 12:36 PM
Skrillex Releases Free Album Inside App, But Crashes Torture Fans
March 13, 2014, 8:04 PM
Microsoft Waives Windows Phone OS Licensing Fees for Two Hardware Makers in India
March 13, 2014, 1:07 PM
Huawei Says Windows Phone is "Low Priority", Relegates It to Dual OS
March 13, 2014, 11:21 AM
$1,200 Nikon 1 V3 Mirrorless Camera Offers 120fps Slow Motion Capture
March 13, 2014, 9:04 AM
Most Popular Articles
Malaysian Airlines Flight 370 Made Wild Altitude Changes
March 14, 2014, 9:21 PM
Tesla Motors Calls New Jersey Out on New Rule Against Its Direct Sales Model
March 11, 2014, 12:01 PM
Hack Reveals Fallen Bitcoin CEO's Posh Tokyo Penthouse
March 10, 2014, 4:28 PM
HTC One Leaks: LED Smart Cover, Carrier Models, Google Play Ed.
March 11, 2014, 5:30 PM
Apple Authorized to Seek $40 Per Device Against Samsung
March 13, 2014, 4:31 PM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information