Nokia's Mobile Patents Are Its Last Line of Defense - The company has made key inventions over the years
Posted in: Mobile & Wireless at 21/06/2012 14:06
Nokia may have failed to develop a smart phone that challenges either Apple or Android, but the once-dominant Finnish company -- which last week announced it would lay off 10,000 workers and shut two R&D facilities and a manufacturing site -- has a rich store of intellectual property that may determine its future.
The power of Nokia's patent portfolio was demonstrated in its 2009 suit against Apple, in which it claimed that the iPhone maker had violated 46 Nokia patents, including ones covering wireless standards, antennas, cameras, click wheels, and touch-screen controls. Apple agreed to settle last year for an undisclosed cash payment and ongoing royalties. Nokia gets more than $600 million every year in revenue related to its patents.
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