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Apple pays Nokia

Articles / Personal Stuff/Random News
Date: Jun 14, 2011 - 11:25 AM
Apple is now going to be licensing patents from Nokia.

This is after two years of arguments and lawsuits back and forth over phone patents.

The winner out of this settlement is, however, Nokia. As a part of the settlement, Apple has agreed to become a licensee of Nokia?s patents. As a part of the licensing agreement, Apple has agreed to give Nokia a one-time payment and ongoing royalties. The exact terms of the agreement ? including the amount to be paid ? have not been disclosed.
Given how Nokia is falling in the market place, however, who knows what comes next. It's very possible this just throws them a lifeline for a while.

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