Br0kenTeleph0n3

Following the broadband money

Apple to pay Nokia to settle patent disputes

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Apple is to pay Nokia an undisclosed one-off fee and on-going royalties to settle patent litigation between the rival mobile phone makers.

The deal announced on 14 June, licenses Apple to use Nokia technology in its best-selling smartphones. Nokia said it is expected to help the firm break even for the second quarter.

Commenting on the deal, Nokia CEO Stephen Elop suggested the deal could push Nokia towards becoming a design shop, licensing others to use technology it develops.

“This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market,” Elop said in a statement.

Nokia, which has the largest installed base of mobile phones in the world, is being challenged by rivals Samsung for low end phones and by Apple and Google’s Android operating systems for high end smartphones.

Nokia said that during the last two decades, it had invested some €43bn in research and development, resulting in over 10,000 patent families.

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Written by Br0kenTeleph0n3

2011/06/14 at 08:11

Posted in Deals, News

Tagged with , ,

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