STOCK MARKET BSE NSE

Apple paid Nokia $2billion as part lawsuit settlement

The lawsuit covered 32 patents, including display, user interface, software and video-coding technology.

Published: 30th July 2017 04:23 PM  |   Last Updated: 30th July 2017 04:32 PM   |  A+A-

Apple logo. Reuters

Apple logo. (File photo | Reuters)

By IANS

SAN FRANCISCO:  An After a patents row that escalated between Nokia and Apple in December last year and was settled in May, Nokia has received a $2 billion upfront cash payment from Cupertino-based tech company as part of the settlement terms.

According to a report in TechCrunch on Friday, Nokia will not get $2 billion every quarter -- this was non-recurring catch-up revenue and Nokia hasn't said what it plans to do with all this cash.

The spat began last year when the tech giants locked horns over patents, with Apple filing an anti-trust lawsuit against third-party companies Patent Assertion Entities (PAEs) that act on Nokia's behalf, and the Finland-based firm suing Apple directly.

According to the Cupertino-based tech giant, Nokia was conspiring with PAEs patent assertion entities (Acacia Research and Conversant Property Management) in an "illegal patent transfer scheme" to wring money out of Apple because Nokia's cell phone business was failing.

Nokia also filed a suit directly against Apple in Europe and the US, claiming the company was still infringing on Nokia patents.

The lawsuit covered 32 patents, including display, user interface, software and video-coding technology.

Amid the escalating patents row with Finnish smartphone maker Nokia, Apple had also pulled all products made by Withings - a French company and now a Nokia subsidiary - from Apple Stores, be it online or retail.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp