Connect with us

Phone News

Apple Settles Up Wireless Patent Dispute With Nokia, Agrees To Pay $2 Billion In Cash



Apple is known for having a lot of patent disputes with a few manufacturers and the one which is popularly known to most is the Apple-Nokia patent war. A few months back, Nokia announced that it reached a patent-licensing and collaboration agreement with Apple. Both the companies, i.e. Nokia and Apple settled all litigation and apparently Apple agreed to pay an amount for the same.

And now according to the new reports which we have, it looks like Apple agreed to pay approximately $2 billion. The same was mentioned in Nokia’s financial results. It was mentioned that Nokia had increased cash inflow that too, an “upfront cash payment of approximately EUR 1.7 billion part of which was recognized in the second quarter 2017 results.” At that time, Nokia reported that the same will be reflected its capital structure optimization program.

Upon contacting Nokia regarding this, the company confirmed the same and it has been reported that more details will be revealed the investor webcast. Hence, it is safe to say that Nokia in fact, scored a decent amount in return. Apparently, the Cupertino tech giant agreed to pay up-front 2 billion dollars. It has also been reported that a some of this amount was already paid in Q2. Now, Apple will continue to pay royalties and at the same time, the rest of the amount will also be cleared.

If you are wondering about the details of this particular deal, both the companies have come to an agreement that Apple will continue selling Nokia health products (formerly Withings) and they will also collaborate with Nokia in future health-related projects. It looks like Nokia will also sell Apple some network gear and services. At the time of the agreement, the exact numbers were not known, however, the same has now been confirmed. Having said that, let us know your thoughts on this by leaving a comment down below.

Source – Nokiamob

Continue Reading

Recommended Video

Connect on Facebook

Top 5

Top 53 months ago

Top Features of the Vivo V7 Plus Smartphone

Vivo has finally unveiled the all-new selfie-centric smartphone dubbed Vivo V7 Plus in India. Though it is the successor to V5...

Top 55 months ago

Top 5 Best Performing Smartphones Under Rs 30,000 You Can Buy in August 2017

2017 has been an amazing year for smartphones. We have seen some really great smartphones launching this year so far...

Top 57 months ago

Top 5 Features of the Panasonic Eluga Ray Smartphone

Panasonic launched the new Eluga Ray smartphone here in India a couple of weeks back. This is yet another offering...

Top 51 year ago

Top 3 Smartphones from UMi you should take a look at

UMi is a Chinese smartphone manufacturing company that has launched a couple of smartphones previously. The smartphone manufactured by the...

Top 51 year ago

Fix Top 5 Pokemon Go Problems like Server Issues, GPS error, Battery Drain

Pokémon Go by Niantic began rolling out to players across the globe, and like all any other new game release,...

Top 51 year ago

Top 5 Features of Samsung Galaxy On5 Pro & On7 Pro Smartphones

The South Korean smartphone manufacturer Samsung, has been doing pretty good job with the budget smartphone lineup. They have introduced...

iPhone 6s - 1750mAh Battery iPhone 6s - 1750mAh Battery
Top 51 year ago

5 Tips to Make your Smartphone Battery Last till the End of the Day

Smartphones are the most useful piece of gadget that we own, which helps us get our jobs done easily. We...

Samsung Galaxy S6 Edge Plus - Top Features Samsung Galaxy S6 Edge Plus - Top Features
Top 52 years ago

5 Most Important Features of Samsung Galaxy S6 Edge+

Samsung fans must be in awe this year, as they’ve got to see two new flagship devices within the span...

Top 5 Missing Features on Samsung Galaxy Note 5 Top 5 Missing Features on Samsung Galaxy Note 5
Top 52 years ago

Top 5 Missing Features on Samsung Galaxy Note 5

Samsung has launched the much-anticipated smartphone ‘Galaxy Note 5‘ with not much improvements over specifications, but you can find the...

Samsung Glaxat Note 5 Featured image Samsung Glaxat Note 5 Featured image
Top 52 years ago

Top 5 – Most Important features of Samsung Galaxy Note 5

Samsung Galaxy Note 5, the biggest announcement by Samsung Mobiles in New York. The features of the device are pretty...