Apple will pay Nokia an undisclosed upfront cash payment, with additional revenues during the term of the new agreement
In a joint statement Apple and Nokia have announced settlement in a patent dispute and forged a new multi-year licensing deal.
Apple will pay Nokia an undisclosed upfront cash payment, with additional revenues during the term of the new agreement.
Both companies sued each other in December last year after a deal where Apple used Nokia’s patents signed in 2011 expired. Nokia technology is used in Apple devices such as the iPhone and iPad, from the user interface to the chipsets.
Under the new agreement, Nokia will provide “certain network infrastructure product and services to Apple.” The California-based company will resume stocking Nokia fitness products in retail, formerly the Withings range until Nokia bought them out.
Adversaries to friends
“This is a meaningful agreement between Nokia and Apple,” said Nokia chief legal officer Maria Varsellona.
“It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”
Apple chief operating officer Jeff Williams (pictured) added: “We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.”