{"id":321880,"date":"2017-05-23T13:24:57","date_gmt":"2017-05-23T13:24:57","guid":{"rendered":"http:\/\/citifmonline.com\/?p=321880"},"modified":"2017-05-23T13:24:57","modified_gmt":"2017-05-23T13:24:57","slug":"apple-and-nokia-to-co-operate-after-settling-patent-row","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/apple-and-nokia-to-co-operate-after-settling-patent-row\/","title":{"rendered":"Apple and Nokia to ‘co-operate’ after settling patent row"},"content":{"rendered":"

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":"

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