Home > Brands > Apple > Apple, Nokia Settle Patent Spat

Apple, Nokia Settle Patent Spat

Apple and Nokia are good chums again, after settling a legal dispute over the Finnish company’s patents.

Five months after they had sued each other over royalty payments in a joint statement, the companies revealed Apple will have to make a sizeable one-off payment, as well as future fees, for the use of Nokia’s technology.

Analysts have estimated that the deal could be worth hundreds of millions of pounds to Nokia, sending the company’s shares up by seven percent.

Nokia had suffered at the hands of the iPhone, and no longer makes handsets after selling its mobile business to Microsoft in 2013.

While most of its revenue comes from telecoms infrastructure, it is seeking to bolster income from the valuable patents it still retains from its days as the world’s dominant mobile phone company.



You may also like
tinypod
Convert Your Old Apple Watch Into An iPod With This Accessory
Apple iOS 18
iOS 18 Public Betas Released Without Apple Intelligence Features
Apple Backs Down In Fight With Regulators Over Tap-And-Pay Technology
Apple iPhone Users Warned Against Dangerous Spyware Attack
Apple Shanghai store
Apple Aims To Ship 90 Million iPhone 16 Devices This Year