Apple paid $2 billion to Nokia as part of lawsuit
settlement
According to TechCrunch 28th, Apple paid Nokia $2 billion in cash to settle a long-running patent dispute. In the Q2 closing report of Nokia announced that it has received a $2 billion upfront cash payment from Apple (€1.7 billion).
After a quick fight, Apple and Nokia settled a patent
lawsuit back in May. Nokia has been accused Apple of infringing some of Nokia’s patents as well
as patents from NSN and Alcatel-Lucent -Nokia owns those companies and their respective patent
portfolios.
It looked like an
intense fight at first as Apple removed Withings’ products from its stores —
Withings is a division of Nokia. But the two companies quickly reached an
agreement and you can find Withings products again in Apple stores.
Instead of signing a
usual patent licensing deal, Apple and Nokia want to go a step further and
collaborate on technologies and research and development. In other words, Apple
is paying Nokia to help them when it comes to digital health, optical network
and IP routing.
References www.ipnomics.co.kr/ www.techcrunch.com
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