Nokia this morning announced that it has settled a patent row with Apple. Under the settlement agreement, Apple will pay a one-time fee as well as on-going royalties to license patents from the Helsinki, Finland-based mobile phone maker.
The deal will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the ITC.
Nokia further states that the patent license agreement is bound to have a positive financial impact on its (recently revised) outlook for Q2 2011 (check back here for its financial report on Q1 2011).
The big question that remains unanswered: how much is Apple coughing up to settle the patent litigation with Nokia (which has been brewing for years now)?
Other noteworthy coverage of the news:
NOKIA is a Finnish multinational communications corporation. It is primarily engaged in the manufacturing of mobile devices and in converging Internet and communications industries. They make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia is the owner of Symbian operation system and partially owns MeeGo operating system.
Started by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has expanded from computers to consumer electronics over the last 30 years, officially changing their name from Apple Computer, Inc. to Apple, Inc. in January 2007. Among the key offerings from Apple’s product line are: Pro line laptops (MacBook Pro) and desktops (Mac Pro), consumer line laptops (MacBook Air) and desktops (iMac), servers (Xserve), Apple TV, the Mac OS X and Mac OS X Server operating systems, the iPod, the...