Breaking News

What Is Cloud Gaming? One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2 GIGABYTE Launches AORUS ELITE series graphics cards Effective Noise Canceling and Impressive Sound Quality Put the ‘Pro’ in Galaxy Buds Pro GIGABYTE Releases the AORUS WATERFORCE X SERIES AIO Liquid Cooler

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Nokia and Apple Settle All Litigation, Sign Patent License and Business Agreement

Nokia and Apple Settle All Litigation, Sign Patent License and Business Agreement

Smartphones May 23,2017 0

Nokia and Apple have settled all litigation related to their intellectual property dispute and agreed a multi-year patent license.

"This is a meaningful agreement between Nokia and Apple," said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia's patent licensing business. "It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers."

Under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives.

"We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia," said Jeff Williams, Apple's chief operating officer.

While details of the agreement remain confidential, Nokia will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement.

The value of the agreement will be reflected partially as patent licensing net sales in Nokia Technologies and partially as net sales in other Nokia business groups. Due to the up-front cash payment from Apple, Nokia intends to provide an update of its capital structure optimization program in conjunction with its third quarter 2017 results.

Tags: NokiaApple
Previous Post
Google's AlphaGo Wins Chinese Go Master in First Round
Next Post
LG X Venture Smartphone Will is Built for Adventure

Related Posts

  • Whats best for you MAC or PC?

  • Time to Walk: An inspiring audio walking experience comes to Apple Fitness+

  • 8 Best Tips to Improve MacBook Performance

  • Apple introduces AirPods Max, the magic of AirPods in a stunning over-ear design

  • Apple Fitness+: The future of fitness launches December 14

  • How Smartphones are Changing Industries

  • Apple announces App Store Small Business Program

  • Apple Introducing the next generation of Mac

Latest News

What Is Cloud Gaming?
Gaming

What Is Cloud Gaming?

One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2
Smartphones

One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2

GIGABYTE Launches AORUS ELITE series graphics cards
Gaming

GIGABYTE Launches AORUS ELITE series graphics cards

Effective Noise Canceling and Impressive Sound Quality Put the ‘Pro’ in Galaxy Buds Pro
Consumer Electronics

Effective Noise Canceling and Impressive Sound Quality Put the ‘Pro’ in Galaxy Buds Pro

GIGABYTE Releases the AORUS WATERFORCE X SERIES AIO Liquid Cooler
GPUs

GIGABYTE Releases the AORUS WATERFORCE X SERIES AIO Liquid Cooler

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed