Wednesday, August 24, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD Increased GPU Market Share in Q2 2016
Chinese Firm Unveils 64-core CPU
PlayStation Now Coming to PC, DualShock 4 USB Wireless Adaptor Unveiled
Upgraded Tesla Car Gets From 0 to 60 in 2.5 Seconds
Opera VPN App For Android Released
Microsoft Provides Glimpse Of 24-core Processor For HoloLens
Nvidia Unveils Parker, The Latest SOC For Autonomous Vehicles
Toshiba to Implement Eyefi Connected Features in Next FlashAir SD Cards
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 To Establish New China R&D Center
Ex-Rovio CEO To Bring New Nokia Phones To Market
Apple Plans Pro Laptop Overhaul
Apple Patents Samsung Edge-style Design
Apple Announces Bug Bounty Program
Future Apple Stylus Could Operate as a Joystick
Apple To Invest In AI And AR As iPhone Sales Keep Declining
Smartwatch Shipments Fall Significantly In the Second Quarter
Samsung Galaxy Outsells Apple's iPhone
iOS 10 To Allow Consumers Donate Their Organs
Apple Sued in China Over Alleged Propaganda
Apple, Spotify In Music Streaming Duel

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 .