The Patent Battle between Apple and Nokia is now Over
The patent battle between two companies - Apple and Nokia, just ended not through a brutal fight, but with a Press Release that introduced a license agreement.
Few days ago, a Press Release was delivered in public, which successfully ended the patent battle between the two big mobile companies – Apple and Nokia. The said Press Release cited a license agreement and payments from Apple to Espoo. Though the highlights of the press release were too confidential, Nokia spilled out that Apple will make a one-time payment to be followed by an ongoing royalties. While on the other hand, the Nokia company had some troubles selling their morbid handsets. But then at least, their portfolios can be used to fill the cases during the Windows phone transitions.
Nokia, committing with a patent license agreement with Apple, is one of the hottest issues on the tech world today. As quoted from the said press release:
“Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.”
“The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific terms of the contract are confidential.”
Way back in October 2009, Nokia had initially filed a patent suit against its rival – Apple. The battle became worst as expected when the two companies pitched series of negative statements against each other. Actually, this phenomenon had ended few of the biggest patents of Apple, but most of it remained.
The FOSS patents are assuming that Nokia has the biggest chance of winning this battle, however, they also pointed out that they are positive in helping out Apple since there are multiple Android manufacturers that are being affected by the issue. They stated:
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“Nokia emerges victorious, but this is a sweet defeat for Apple because its competitors — especially those building Android-based devices — will also have to pay Nokia, and most if not all of them will likely have to pay more on a per-unit basis because they don’t bring as much intellectual property to the table as Apple definitely did.”