according to "The previous annual rate was 150 million euros ($167 million), so I assume this to be more, around 500 million euros ($558 million)." Apple has settled a patent dispute with Finnish telecom equipment maker Nokia lumia and agreed to buy more of its network products and services, sending Nokia shares up 7 per cent. But licensing payments are highly profitable and the network business is suffering an industry-wide slump. Quick resolutionAnalysts were surprised by the relatively quick resolution of the dispute between Apple and Nokia. Under the patent license agreement, Nokia will receive a "significant" upfront cash payment and additional revenues from Apple starting from the current quarter.
As it stated in
Apple and Nokia lumia have agreed to multi-year patent license after settling all the patent dispute litigations they had between them. Regarding this agreement, Maria Varsellona, Chief Legal Officer at Nokia, says, "This is a meaningful agreement between Nokia and Apple." During this term of an agreement, Nokia will get an up-front cash payment from Apple along with some additional revenues. Also Read: Apple to expand its manufacturing operations in India: Ravi Shankar PrasadAccording to this agreement, Nokia will provide few network infrastructure product and also services to Apple. On the other hand, Apple is said to resume Nokia digital health products in both the retail and online stores of Apple.
"The previous annual rate was 150 million euros, so I assume this to be more, around 500 million euros." QUICK RESOLUTIONAnalysts were surprised by the relatively quick resolution of the dispute between Apple and Nokia lumia. In the absence of a new deal, Nokia cut its annual run-rate forecast in December for patent and brand licensing sales to 800 million euros ($900 million) from 950 million euros previously. But licensing payments are highly profitable and the network business is suffering an industry-wide slump. Under the patent licence agreement, Nokia will receive a "significant" upfront cash payment and additional revenues from Apple starting from the current quarter.
to read more visit us Nokia
collected by :Andro Alex
As it stated in
Apple and Nokia forms a partnership after settling patent dispute
Apple and Nokia lumia have agreed to multi-year patent license after settling all the patent dispute litigations they had between them. Regarding this agreement, Maria Varsellona, Chief Legal Officer at Nokia, says, "This is a meaningful agreement between Nokia and Apple." During this term of an agreement, Nokia will get an up-front cash payment from Apple along with some additional revenues. Also Read: Apple to expand its manufacturing operations in India: Ravi Shankar PrasadAccording to this agreement, Nokia will provide few network infrastructure product and also services to Apple. On the other hand, Apple is said to resume Nokia digital health products in both the retail and online stores of Apple.
"The previous annual rate was 150 million euros, so I assume this to be more, around 500 million euros." QUICK RESOLUTIONAnalysts were surprised by the relatively quick resolution of the dispute between Apple and Nokia lumia. In the absence of a new deal, Nokia cut its annual run-rate forecast in December for patent and brand licensing sales to 800 million euros ($900 million) from 950 million euros previously. But licensing payments are highly profitable and the network business is suffering an industry-wide slump. Under the patent licence agreement, Nokia will receive a "significant" upfront cash payment and additional revenues from Apple starting from the current quarter.
to read more visit us Nokia
collected by :Andro Alex
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