It’s over. The patent battle between Nokia and Apple just ended not with an injunction, but with a statement citing a license agreement and payments from Apple to Espoo. The specifics of the agreement are confidential, but Nokia does say that Apple will make a one-time payment followed by on-going royalties. So, while Nokia could be having trouble selling its zombied handsets , at the very least its IP portfolio may help fill the coffers in the course of the transition to Windows Phone. Read the total press release after the break.
Apple payments to Nokia settle all litigation and feature positive financial impact
Espoo, Finland – Nokia announced that it has signed a patent license agreement with Apple. The agreement will lead to settlement of all patent litigation between the firms, including the withdrawal by Nokia and Apple in their respective complaints to the usa International Trade Commission.
The financial structure of the agreement incorporates a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The express terms of the contract are confidential.
“We’re very happy to have Apple join the growing choice of Nokia licensees,” said Stephen Elop, president and chief executive officer of Nokia. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to spotlight further licensing opportunities inside the mobile communications market.”
Over the past 20 years, Nokia has invested approximately EUR 43 billion in research and development and built among the wireless industry’s strongest and broadest IPR portfolios, with over 10,000 patent families. Nokia is a global leader inside the development of handheld device and mobile communications technologies, that’s also demonstrated by Nokia’s strong patent position.
This agreement is anticipated to have a good financial impact on Nokia’s recently revised outlook for the second one quarter 2011 of around break-even non-IFRS operating margin for Devices & Services.
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