After two years of intense litigation, Apple and Nokia has finally come to terms. Both companies have arrived at a settlement agreement and have agreed to withdraw their lawsuits against one another. Coming out on top is Nokia, which have agreed to license their patents to Apple for a one-time payment and royalties, the amount of which hasn’t been disclosed. “We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop, president and chief executive officer of Nokia. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.” While this marks the end of one lawsuit, Apple still has to contend with the onslaught of the Korean manufacturing giant Samsung in their ongoing patent war. Will their problems with Samsung turn out the same? Only time will tell.
Source: Nokia