Apple pays 2 billion dollars settlement to Nokia in patent dispute

29 July 2017, 07:05 PM
Apple pays 2 billion dollars settlement to Nokia in patent dispute
Apple pays 2 billion dollars settlement to Nokia in patent dispute

Nokia has received a 2 billion US dollars upfront cash payment from Cupertino-based tech company as part of the settlement terms after patents row that happened between Nokia and Apple in December last year and was settled in May.

According to a report in TechCrunch on Friday, Nokia will not get 2 billion US dollars 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 over patents, with Apple filing an anti-trust lawsuit against third-party companies acting on Nokia's behalf.

First Published: Saturday, July 29, 2017 05:56 PM
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