Nokia and Apple Settle Patent Dispute
Nokia and Apple have reached a licensing agreement that ends the patent dispute between the two companies. It started in 2009 when Nokia sued Apple for patent infringements. The former extended the action in December 2010. Apple had also countersued, and accused Nokia of infringing its patents.
This settlement involves Apple paying Nokia a one-off payment and ongoing royalties for the use of the technologies. Apple also said that the license would cover some of each other's patents.
BBC News reports:
"We are very pleased to have Apple join the growing number of Nokia licensees," said Nokia's chief executive Stephen Elop.
"This settlement demonstrates Nokia's industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
Apple said the two firms had agreed to "drop all of our current lawsuits and enter into a licence covering some of each other's patents, but not the majority of the innovations that make the iPhone unique".
"We're glad to put this behind us and get back to focusing on our respective businesses."
Source: BBC News