"Zacks Investment Research" declare : Apple Settles With Nokia As Qualcomm Dispute Escalates

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as informed in REUTERS/Yuya Shino/File PhotoHELSINKI 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 percent. QUICK RESOLUTIONAnalysts were surprised by the relatively quick resolution of the dispute between Apple and Nokia. But licensing payments are highly profitable and the network business is suffering an industry-wide slump. Under the patent license agreement, Nokia will receive a "significant" upfront cash payment and additional revenues from Apple starting from the current quarter. Apple complained of being overcharged and Nokia responded by accusing Apple of violating technology patents.

Apple and Nokia see deeper partnership after ending patent dispute
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