Nokia and Apple Settle Patent Dispute Over Smartphones
Posted in: Mobile & Wireless at 14/06/2011 22:11
Nokia said Tuesday it had settled a two-year-old global patent fight with Apple over smartphone technology through a licensing agreement that will commit Apple to make a one-time payment to its Finnish competitor and to pay regular royalties in the future.
The agreement settles all outstanding patent litigation between Apple, the leader in the smartphone market, and Nokia, its main rival. The companies also agreed to withdraw complaints against each other with the International Trade Commission over the use of intellectual property.
To read this New York Times report in full, see:
Nokia, Apple Settle Patent Litigation
Nokia Corp. and Apple Inc. entered into a patent license agreement settling all patent litigation between the two companies, both companies said Tuesday, ending a lengthy legal battle between two of the world's largest mobile giants.
Apple, which manufactures the iPhone and iPad among other mobile devices, will make a one-off payment to Nokia and pay continuing royalties for the term of the agreement, Nokia said. It declined to provide specific financial terms. Nokia said the deal should boost the Finnish handset maker's recently revised second-quarter outlook.
Nokia and Apple settle patent dispute
Nokia and Apple have agreed a technology licensing agreement that ends the long-running legal dispute between the two firms.
"The agreement will result in settlement of all patent litigation between the companies," Nokia said.
Nokia sued Apple for patent infringements in 2009 and extended the action in December last year.
Apple had countersued, accusing Nokia of infringing its patents.
Nokia said Apple had agreed a one-off payment, the value of which was not disclosed, and ongoing royalties to use its technologies.
Apple said the deal covered both companies' patents.