To recap: Apple and Nokia have been at legal loggerheads ever since the latter sued the iPhone maker over ten cellular technology patents in October 2009.
It didn't take Steve Jobs long to retaliate, though, as the Cupertino-based company quickly filed a countersuit against the Finnish cellphone vendor for its alleged infringing 13 of its mobile technology patents.
A couple more patent complaints here, an importation ban request there, and it seemed as if the two tech titans were heading for a court showdown sometime in 2012.
Not so.
If you can't beat 'em, join 'em
Nokia announced earlier today that Apple has agreed to pay the Espoo-headquartered firm a one-time fee and ongoing royalties for the licensing of its technologies, as per an undisclosed agreement.
"We are very pleased to have Apple join the growing number of Nokia licensees," Nokia's chief executive Stephen Elop says.
"This settlement demonstrates Nokia's industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
Brighter future
Having recently revised its Q2 2011 Device & Services sales forecast down and with analysts predicting its displacement by Samsung in the smartphone race, Nokia at last has cause to be optimistic after Apples agreement.
All of a sudden, Nokia's second fiscal quarter results, scheduled to be reported on July 21st, could make for more pleasant reading for its investors, management, and shareholders alike.
News
With a degree in German up his sleeve Richard squares up to the following three questions every morning: FIFA or Pro Evo? XBox 360 or PS3? McNulty or Bunk?
Related Articles
Top Stories
News
10 hours, 30 minutes ago
NetEase’s Once Human opens up mobile pre-registrations after 13 million on PC
Feature
9 hours, 29 minutes ago
Case study: How Supercent’s games made it to the top in a stagnating hypercasual market
Feature
11 hours, 27 minutes ago
“There has been an increase in funding opportunities for African developers with more exciting times to come"
Events
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
For The Win 2024 | Europe | May 29th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
GDCy Fest 2024 | May 31st |