Friday, December 09, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung To Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
BlackBerry Unveils BlackBerry Secure For IoT Mobile Security
ARM Physical IP for TSMC 7nm Process Technology Now Available
HTC Launches Vive Studios, Debuts "Arcade Saga" Title
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Microsoft Unveils Windows 10 for Qualcomm Chips, "Project Evo" PCs For Mixed Reality And Gaming
Samsung's First Foldable Phone May Actually Not Have A Foldable Screen
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
Apple In Talks With Hollywood For Early Movie Rental
These Are Apple's Best of 2016 Across Apps, Music, And Movies
U.S. Supreme Court Rules in Favor of Samsung in Smartphone Patent Suit
Apple Sent Letter NHTSA Asking About Autonomous Vehicle Guidelines
Apple Blames Battery For Random iPhone 6s Shutdowns
Researcher Bypasses The iOS Activation Lock
Nokia D1C Specs Leak
Apple To Use Drones To Collect Maps Data, Progresses With Interior Mapping Project
Nokia Brand Licensee HMD Global Is Officially The Home of Nokia Phones
New Report Suggests A Curved iPhone Is In The Works
Apple's Black Friday "Deals" Are Just Up To $150 Gift Cards
LG Innotek To Develop 3D Smartphone Camera With Apple

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .