Apple To Pay Nokia One Lump Sum And Finally Settle

It looks like after a  long drawn out battle of years and years of suing and counter suing, Apple and Nokia have finally reached an agreement.  Both companies have agreed to withdraw all complaints against each other and Apple will gear up its wallet to pay out one lump sum to Nokia in addition to paying royalties for the remainder of the agreement.  Nokia’s Stephen Elop had this to say:

“We are very pleased to have Apple join the growing number 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 focus on further licensing opportunities in the mobile communications market.”

Don’t we wish all settlements could end like this one?  Let us know what you think in the comments below.  Hit the break for the full press release, if you’re a press release kind of person.  

Press Release:

Nokia enters into patent license agreement with Apple

Published June 14, 2011

Apple payments to Nokia settle all litigation and have positive financial impact

Nokia Corporation
Stock exchange release
June 14, 2011 at 08:05 (CET +1)

Espoo, Finland – Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.

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.  The specific terms of the contract are confidential.

“We are very pleased to have Apple join the growing number 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 focus on further licensing opportunities in the mobile communications market.”

During the last two decades, Nokia has invested approximately EUR 43 billion in research and development and built one of the wireless industry’s strongest and broadest IPR portfolios, with over 10,000 patent families.  Nokia is a world leader in the development of handheld device and mobile communications technologies, which is also demonstrated by Nokia’s strong patent position.

This agreement is expected to have a positive financial impact on Nokia’s recently revised outlook for the second quarter 2011 of around break-even non-IFRS operating margin for Devices & Services.

[via bgr]


About the Author: Joe Sirianni

Joe was born in New Jersey and spent most of his childhood moving around from state to state. He eventually made his way to Pennsylvania where he met his Portuguese beauty and made her his wife. He now has three great kids and full access to all of the Portuguese food he can eat. Joe's love for mobile technology began when he bought his first Palm Pilot, a Palm M130 and left it on top of his car, driving off, causing it to smash into a thousand pieces. Forced to buy a new device, he quickly discovered that specs were changing so rapidly he was buying a new device every six months just to keep up. Since then, he has constantly felt the need to have the latest and greatest. When the "smartphone" revolution began and integrating cell phones and PDA's was the norm, he quickly jumped to Windows Mobile for several years until the first Android device was launched, the T-Mobile G1. Joe began appreciating all of the free utilities Google provided and sold his soul (his precious data) to Google long before they got into the mobile OS business. So, there was no hesitation at all for him to jump on board and ride the Android train as an early adopter. And boy has it been a blast. Joe now works in the Engineering & Operations dept for a major mobile carrier where he remotely troubleshoots cell sites and loves being an Editor for TalkAndroid.


  • http://www.telecomgyaan.com Tahera

    So the deal has gone partly in Nokia’s favour…

  • Howie_in_AZ

    This can only turn out poorly for Android.