Nokia wins long-running patent dispute with Apple
Remember that long running saga between Apple and Nokia, with the latter suing Apple, only to be counter-sued and both companies asking for a cessation of importing of the infringing devices into the USA by appealing to the ITC? Well it seems that the two feuding companies have finally struck a deal involving a lump-sum payable to Nokia and ongoing royalty payments as part of the settlement.
As is normally the case, the exact amounts involved have not been disclosed but one would be silly not to consider the possible financial implications both for this quarter and a few others. Especially in light of the whole marketshare and Symbian EOL matters.
Consider, If Nokia is paid 1-2.5 % of the selling price of every iDevice sold to this point we’re looking at easily $6-15 per device multiplied by ~100 Million. A rather hefty sum with Nokia getting a nice little cut out of Apple’s future (and extremely likely) successes. Full Press release below:
Apple payments to Nokia settle all litigation and have positive financial impact
Nokia Corporation
Stock exchange release
June 14, 2011 at 08:05 (CET +1)Espoo, Finland – Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific terms of the contract are confidential.
“We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop, president and chief executive officer of Nokia. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”
During the last two decades, Nokia has invested approximately EUR 43 billion in research and development and built one of the wireless industry’s strongest and broadest IPR portfolios, with over 10,000 patent families. Nokia is a world leader in the development of handheld device and mobile communications technologies, which is also demonstrated by Nokia’s strong patent position.
This agreement is expected to have a positive financial impact on Nokia’s recently revised outlook for the second quarter 2011 of around break-even non-IFRS operating margin for Devices & Services.
Category: Nokia
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bwaaaaaahahahahahahahahahahahaaaah
i should say id rather they not have settled and have apple found to be guilty
but that would take forever :/
this is good enough though
apple as usual always Tried to be Too much smart .
for example: if u don’t get n/w on iPhone 4 , u r holding it wrong
Now apple will tell us how to Hold Phone????
This Must be good dose to appy
appy just focused there devices to be candy floss and lost of apps (mostly useless)
But never worked on N/w related things (which Nokia did for yeasr and years )and thus they steal or copy n/w related thing
and made there device and Hurted Nokia share in Mobile market
now Repay time ….
YESSSSSSSsssssssss..!! About time if u ask me.. c”,)
I’d really love to know how high the payments are – both the one-time and the on-going.
Nice read to get some indication of how high the payments could be:
http://www.businessinsider.com/htc-pays-microsoft-5-per-android-phone-2011-5
nokia will have a piece of that sweet apple pie at last :p
Considering the timing of this settlement i imagine Nokia accepted an Offer that wouldn’t be the best offer they could get (since they’re looking to offset losses in the coming quarters)
i wonder why is my post didn’t appeared?…
Finally the truth came out!… As expected Apple was a cheat company… and now trying to run away by gaving billions!
And for Nokia… they saved their face by eliminating their losses for the quater!
And silver lining for Nokia too! Now every apple user will know that they are using 2nd hand technology which they say is dying in Finland!
Considering how MS profits from every Android HTC sells, this is good news for Nokia which can’t seem to make good decisions and profits as of late. At least the cash cow (iphone) will bring money to Nokia as well.
I bet Jobs is butt-hurt in the extreme right now. Serves him right the smug bastard.
good news.
Next iphone won’t have “external ” antenna.
Crime does not pay. Saaaaakaaaz.
bingo… right on the spot +100i’s
Won’t have it anyway. Guess one Antenna-Gate is enough
I think I almost fell out of bed clambering to post this one.
Still as always, an ever so snarky post from Engadget (understandable, their boss has taken a hit.
At last, some sense. You don’t get stuff for free. Other manufacturers aren’t paying royalties to Nokia whilst Apple can get away with their MAGICAL antennae, so magical they had to redesign it so that you touch it and the signal dies. :p
Darn, Imagine if Nok didn’t settle and had blocked iPhone import. Nah, as much as I dislike Apple’s sly ways, I wouldn’t want that.
I think the only reason this feels good is that as genius as Jobs has been, he can seem quite a douche sometimes too. So high and mighty about others copying them but no problem copying others. Year of the copycats? Indeed, sir, indeed. You’re the best one of them.
Yea i see thomas posted it , i am sure vlad is too busy crying his eyes out.
I wonder if on their next 10/10 iphone review
will have an extra CONS ” nokia gets money when you buy this” XD.
Possibly the AOL way to incite readers to argue. AOL secretly being Apple Online.
pretty sure they all have it in their contracts , they every post about nokia need a metaphor about a burning ship.
While Symbian must always be refer to it as zombie os.
Unfortunately the damage is done and probably irreparable. During the course of these proceedings and while Nokia was sleeping, Apple has managed to build a huge fortress around its mobile offerings using Nokia’s IP for free. It doesn’t matter what they pay now because they’ve already left Nokia’s business far behind and entirely in ruins. Any payments would be mostly trivial to both parties.
In Apple’s case, it’s a minuscule amount of money. In Nokia’s case, it’s a minuscule amount of money compared to what they were making before Apple muscled in on their turf.
Actually the “death grip” is for spies being swept for bugs, hold it on the side and the transmission disappears, they should’ve put that in the official statement…
Meanwhile at Espoo finland ……..
http://www.youtube.com/watch?v=3GwjfUFyY6M
If Nokia can use some of this money to make a Meego Phone, that would
.
officially be the sweeties thing in the history of time
lol.. perfect
http://cheezburger.com/View/4866341376
Thats one nice picture! Were’d you’ll get it from? Maybe i can use it as my screensaver! LoL! On the subject, well done nokia. I hope nokia can find more to squeeze out of them. There must be something else……
It’s nice to know that every Apple fanboy will be giving few bucks to Nokia when paying for iToy.
Great news for both Apple as well as Nokia!!
Boooooooo!!!!!!!!!!
What a terrible news, an innovative, creative company stifled by a boring patent troll that can’t release a decent phone.
Apple is worth like 20 Nokias, they should just buy them.
It’s alright, Nokia you won this little scuffle, but you’re very quickly losing the war.
In 2012, Apple won’t have to worry about any patents. Nokia will be no more.
Instead of trying to hold on to Apple, try and release a decent phone, you haven’t in 5 years.
did the news upset you?
Dude, will you just QUIT being a DICK?
This isn’t going to stifle Apple at all. Nokia will just get what they should have been paid for, end of.
i think replying any of his comments its like sucking his dick. leave his bonner alone.
boner*
C’mon Jay!! I thought you of all people should know that trolls feed off the attention in any form it comes. Ignore them and they die off!!
This “innovative, creative company” steals innovative and creative ideas of other company. After Jobs’s quit, Apple will disappear, becouse there will be nobody else who will be able to put so much bs in fanboys’s brains.
lol.. I was finding your post here.. And i found!
“I’ll have an Apple juice please”
TROLL DETECTED MUST ELIMATE THE TROLL!!!!
Have you forgot the N900 that completely destroyed the iphone 3gs and still compete with the iphone 4 and also the iphone 4 has a horrible camera and no where near the N8. Apps don’t determine a smartphone dumbass. Only thing apple has going for them is a ecosystem. Look how long it took them to make a 3g phone. Nokia is far ahead of them in technology and the only phone maker that has pentaband and now hexaband phones and the first with usb on the go and hdmi output. Apple Iphone has neither and they barely can make decent phone calls and still depends highly on google for mapping while Nokia has their own mapping system and Apple only makes one phone period and don’t how to make more then one phone to tailor every market. Steve Jobs admited that himself
Still… even though you are right, but saleswise, compare N900 to the iphones. It’s geekware, nothing for the mass market.
I have recently bought one and am playing around with it, it is amazing but if I toss it at my parents or friends, they don’t know how to install anything or configure things. The masses are dumb!
This is exactly where iPhone comes in. It’s just mobile for masses and dumbs. Everything is easy and nice looking. That’s all it is.
Must have been a hard decision for Steve ‘Blow’ Jobs to make, settle or lose…
haha yh
i truly hate apple
they copy everything and class them as magical frauds!!!
i hope they go bankrupt ….i never use any of their shit, want them to fail and see the isheep cry
you know why im more happy about this news? its that nokia is actually starting to fight back and win
The patent war since 2009 between the two biggies has ended for good I assume. With Nokia having a low share market value, Elop must be elated with the settlement with Apple. Nokia deserves the price for its 20 years of innovation and nobody else should take a free ride on its research and development. I hope the “Finnish” company will now start off with its journey in the mobile communication industry in a better financial backup.