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If you were any company other than Apple, $2 billion dollars (£1.52 billion) probably looks like a hefty amount. As The Verge reports, Apple paid Nokia $2 billion earlier in the year in order to settle protracted, super expensive legal issues. When the previous case was settled, Apple set up a licensing deal with Nokia, which began in 2011. The deal relates to a patent case where Nokia accused Apple of infringing on dozens of its patents. Here's a statement from Nokia:"We got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position.
Apple paid Nokia 2 billion dollars to settle patent disputes between the companies. In an earnings call this week, Nokia revealed that the company received $2 billion in cash, as part of the agreement. Over time, the royalties received from Apple, in terms of patent licensing sales, will be reflected in its future earnings. As a result, Apple fought back and launched its own lawsuit against the company; many healthcare products from Withings, a Nokia company, were removed from Apple's web store. Last year, Nokia sued Apple in the US and Europe for patent infringement.
to read more visit us Nokia
according to
referring to
Apple Just paid Nokia Over £1.5 billion Thanks to Patent Disptute
If you were any company other than Apple, $2 billion dollars (£1.52 billion) probably looks like a hefty amount. As The Verge reports, Apple paid Nokia $2 billion earlier in the year in order to settle protracted, super expensive legal issues. When the previous case was settled, Apple set up a licensing deal with Nokia, which began in 2011. The deal relates to a patent case where Nokia accused Apple of infringing on dozens of its patents. Here's a statement from Nokia:"We got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position.
Nokia received $2 billion from Apple to settle patent disputes
Apple paid Nokia 2 billion dollars to settle patent disputes between the companies. In an earnings call this week, Nokia revealed that the company received $2 billion in cash, as part of the agreement. Over time, the royalties received from Apple, in terms of patent licensing sales, will be reflected in its future earnings. As a result, Apple fought back and launched its own lawsuit against the company; many healthcare products from Withings, a Nokia company, were removed from Apple's web store. Last year, Nokia sued Apple in the US and Europe for patent infringement.
to read more visit us Nokia
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