May 23, 2017
Apple and Nokia to 'co-operate' after settling patent row
Apple and Nokia have settled a dispute over the use of patented technology in smartphones and agreed to "Co-operate". In December, Nokia sued Apple claiming the company had breached 32 technology patents covering displays, user interfaces and video encoding. The two companies have now signed a deal allowing Apple to use the technology, and Nokia will receive an up-front cash payment. The two companies have not revealed specific details of the financial agreement, but one analyst suggested it would be worth millions of dollars to Nokia. At the time, Nokia was still the world's leading mobile phone manufacturer, but was being rapidly undermined by the rise of Apple's iPhone.
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