Apple and Nokia have settled a dispute over the use of patented technology in smartphones and agreed to “co-operate”.<\/p>\n
In December, Nokia sued Apple claiming the company had breached 32 technology patents covering displays, user interfaces and video encoding.<\/p>\n
The two companies have now signed a deal allowing Apple to use the technology, and Nokia will receive an up-front cash payment.<\/p>\n
Apple will also stock Nokia’s health products in its retail stores.<\/p>\n
The two companies have not revealed specific details of the financial agreement, but one analyst suggested it would be worth millions of dollars to Nokia.<\/p>\n
“The agreement is per year, so it’s probably in the hundreds of millions of dollars range,” said Keith Mallinson, an industry analyst as Wiseharbor.<\/p>\n
“That’s partly because it covers many patents, and Nokia has some very important ones, they were one of the pioneers of cellular standards.<\/p>\n
“But looking at Apple’s business… one industry estimate is that they made $140bn (\u00a3107bn) revenue on iPhone sales in 2016.<\/p>\n
“Even a small royalty against that – less than 1% – would be in the hundreds of millions of dollars.”<\/p>\n
Nokia said it was “looking forward to supporting Apple”, while Apple’s Jeff Williams said the company was “pleased with this resolution of our dispute”.<\/p>\n
Between 2009 and 2011, the two companies were locked in a series of legal battles over the patents for the technology they used in their mobile phones.<\/p>\n
At the time, Nokia was still the world’s leading mobile phone manufacturer, but was being rapidly undermined by the rise of Apple’s iPhone.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple and Nokia have settled a dispute over the use of patented technology in smartphones and agreed to “co-operate”. In December, Nokia sued Apple claiming the company had breached 32 technology patents covering displays, user interfaces and video encoding. The two companies have now signed a deal allowing Apple to use the technology, and Nokia […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[224,7403],"class_list":["post-321880","post","type-post","status-publish","format-standard","hentry","category-technology","tag-apple","tag-nokia"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/321880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=321880"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/321880\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=321880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=321880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=321880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}