Apple paid Nokia $2 billion for patent infringement
31.07.2017 apleapplekot 0 Comments
Apple has transferred the first payment to Nokia, starting to execute the license agreement that the parties came a few months ago. As we learned from the quarterly financial report Nokia, a California Corporation transferred to the company account of $2 billion.
We will remind that in may of this year, Apple and Nokia have agreed on the peaceful settlement of the patent dispute, the Finnish company withdrew a number of claims filed in the courts of Germany and the United States. Apple pleaded guilty and agreed to pay the required amount of compensation and to sign a new license agreement.
After signing the agreement none of the parties did not disclose details of the contract, saying only that Nokia will provide some Apple products and services network infrastructure. In addition, the companies will jointly seek opportunities for cooperation in the field of production of devices for health.
As for the current amount of $2 billion, the Nokia confirmed that its source is Apple. The company also noted that it is an advance, and in the future Apple will pay the royalties for the patented technology.