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Apple settles with Nokia over iPhone dispute

Written by Andre Yoskowitz (Google+) @ 14 Jun 2011 11:53 User comments (3)

Apple settles with Nokia over iPhone dispute According to FT, Apple has settled with Nokia over their long-standing iPhone patent dispute.
Apple will now pay Nokia a royalty payment for each iPhone sold.

Following the settlement, Nokia confirmed all patent litigation between the two companies has been withdrawn, as well as the complaints to the US ITC.

Nokia nor Apple detailed the financials of the deal, but most industry specialists say the royalty payments will end up being 1.5 percent of the iPhone's $600 average selling price. At an average of 18 million iPhones being sold each quarter, payments to Nokia will be over $640 million per year.

However, because Apple brought multiple patent complaints against Nokia, as well, the royalty payments could be much lower to take that into account.

Concludes Nokia CEO Stephen Elop:

We are very pleased to have Apple join the growing number of Nokia licensees. This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.

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3 user comments

114.6.2011 11:58

WOW...Nokia is going to be making money on phone sales? I never thought I would see the day!

214.6.2011 15:40

I wonder now that since Nokia will be making money off iPhones if they'll stay in business unless there win7 phones are gamechangers.

"Cable thief is a victimless crime."

315.6.2011 2:46

They will go bankrupt and Google will pick up the patents.

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