Wednesday, January 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Graphics Experts From Synaptics and Nvidia Join AMD
Google Introduces Audiobooks on Google Play
Xbox To Put Latest Microsoft Titles in Xbox Game Pass
Intel Launches New 7-Series 760p SSD
Facebook to Give users More Privacy Controls
Samsung Releases the 860 PRO and 860 EVO Solid State Drives
Micron Launches 5200 SATA Enterprise SSD Featuring 64-layer 3D NAND
Latest Firefox Quantum Release Brings Faster, Always-on Privacy With opt-in Tracking Protection
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia E...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, June 14, 2011
Nokia Enters Into Patent License Agreement with Apple


Nokia said on Tuesday it had ended a legal battle with Apple, which will pay an undisclosed one-off fee and ongoing royalties to the Finnish firm.

Nokia signed a patent license agreement with Apple, which 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 company said.

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."

Apple and Nokia have been engaged in legal battles since October 2009, when Nokia sued Apple in the United States, arguing the iPhone-maker was using technologies patented by Nokia.

Nokia expects the agreement 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.

Alhough Nokia has won a legal victory, it still trying to to catch up with Apple in the high end of the smartphone market, where it has fallen behind both Apple's iPhone and Google's Android devices. Earlier this week Nomura forecast Nokia would lose its position as the world's largest smartphone maker this quarter to Samsung Electronics and that Apple would surpass it next quarter.


Previous
Next
NTI Dragon Burning software For Mac Available on App Store        All News        AMD Launches A-Series Of APUs
Apple Sells Unlocked iPhones in US     Mobiles News      Sprint to Debut Motorola PHOTON 4G And TRIUMPH Smartphones

Get RSS feed Easy Print E-Mail this Message

Related News
Analyst Cuts iPhone X Estimates, Sees Three-tier iPhone Lineup This Year
Nokia to Supply 5G Equipment to NTT DOCOMO
Italy Probes Apple and Samsung Over Smartphone Software Updates
Apple Accelerates US investment, Plans to Pay $38 billion in Foreign Cash Taxes
China Also Seeks Answers from Apple About slowing iPhones
Upgraded Nokia 6 Packs More Power and RAM
Apple Reports Record App Store Sales
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
Apple Makes More Profit per Smartphone Than Samsung
Apple Apologizes for Slowing Older iPhones, Reduces Costs of Battery Replacements
Nokia and Huawei Sign Patent License Agreement
Apple Software Update Slowed Down iPhones With Older Batteries

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .