It seems that the hatchet has been buried because Reuters is reporting that Nokia has entered into a patent license agreement with Apple that will end their patent warfare. Here’s something else, Apple seems to have lost:
Analysts said it was clear the sums involved would be significant, with some experts estimating Apple’s one-off payment at $650 million.
Nokia’s shares rose as much as 3 percent before closing up 1.58 percent. Analysts welcomed the news and said it would help Nokia concentrate on its core business at a time when it faces huge challenges.
That’s not chump change. The fact that a deal was reached so quickly given that these battles tend to go on forever implies that Apple’s iLawyers seem to have come to the conclusion that victory wasn’t achievable. Needless to say, all litigation between the two have been dropped.
But this is only the beginning for Nokia. Apple has basically set the floor for the value of these patents because Apple wouldn’t have to pay if they weren’t forced to. Meaning that if Nokia goes after anyone else, you can expect that this is the minimum that they will pay. If you’re anyone else in the handset market, you can expect Nokia to be knocking on your door shortly looking for some cash. If I’m Google or Microsoft, I’d get my cheque book out.
It seems that Nokia has found a new revenue stream. That’s a good thing for them seeing as they need the money.
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This entry was posted on June 14, 2011 at 6:18 pm and is filed under Commentary with tags Apple, Lawsuit, Nokia, Patents. You can follow any responses to this entry through the RSS 2.0 feed.
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Nokia And Apple Settle Their Patent Differences… But It Is Only The Begining For Nokia
It seems that the hatchet has been buried because Reuters is reporting that Nokia has entered into a patent license agreement with Apple that will end their patent warfare. Here’s something else, Apple seems to have lost:
Analysts said it was clear the sums involved would be significant, with some experts estimating Apple’s one-off payment at $650 million.
Nokia’s shares rose as much as 3 percent before closing up 1.58 percent. Analysts welcomed the news and said it would help Nokia concentrate on its core business at a time when it faces huge challenges.
That’s not chump change. The fact that a deal was reached so quickly given that these battles tend to go on forever implies that Apple’s iLawyers seem to have come to the conclusion that victory wasn’t achievable. Needless to say, all litigation between the two have been dropped.
But this is only the beginning for Nokia. Apple has basically set the floor for the value of these patents because Apple wouldn’t have to pay if they weren’t forced to. Meaning that if Nokia goes after anyone else, you can expect that this is the minimum that they will pay. If you’re anyone else in the handset market, you can expect Nokia to be knocking on your door shortly looking for some cash. If I’m Google or Microsoft, I’d get my cheque book out.
It seems that Nokia has found a new revenue stream. That’s a good thing for them seeing as they need the money.
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This entry was posted on June 14, 2011 at 6:18 pm and is filed under Commentary with tags Apple, Lawsuit, Nokia, Patents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.