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Sunday, June 19, 2011

Nokia says Apple to pay royalties

Nokia said Tuesday Apple had agreed to pay royalties for use of Nokia technology in its devices

The world's leading mobile phone maker Nokia said Tuesday that Apple had agreed to pay royalties for use of Nokia technology in its devices, ending all of their 46 ongoing patent disputes.

The world's leading mobile phone maker Nokia said Tuesday that Apple had agreed to pay royalties for use of Nokia technology in its devices, ending all of their 46 ongoing patent disputes.

"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," Nokia said in a statement, adding that the details of the contract were confidential.

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