GSMArena.com GSMArena.com

Tip us

888k

156k
74k
1.1m

RSS

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • DealsNew
  • Tools
  • Coverage
  • Contact
ADVERTISEMENTS

Nokia receives $2B from Apple over patent settlement

  • Post your comment
  • Comments (51)

Yordan 28 July 2017

Nokia Apple

Nokia announced today its financial results. The company beat the market expectations, with earnings per share going up €0.08 instead of the predicted €0.05. Nokia Technologies scored a rise of 90% in operating profit for Q2 2017, compared with Q2 2016. A major part played a cash infusion of $2 billion by Apple over the patent license deal that the companies signed earlier in the quarter.

Back in May Nokia and Apple signed an agreement to end all ongoing disputes. A multi-year patent license deal is now in effect and even though back then no details were revealed, now we learn the price of it.

The Finnish company first only mentioned an “upfront cash payment of approximately €1.7 billion, part of which was recognized in the second quarter of 2017”. Later it confirmed that the transaction came from Apple indeed.

Overall, Nokia reported operating loss of €433 million, 40% less than €667 million in Q2 2016.

Source | Via

Related articles
  • Nokia and Xiaomi sign a collaboration agreement Nokia and Xiaomi sign a collaboration agreement
  • Nokia and Apple sign a patent license agreement, end all ongoing lawsuits Nokia and Apple sign a patent license agreement, end all ongoing lawsuits
  • Nokia offers to acquire Comptel for $370M Nokia offers to acquire Comptel for $370M
  • Nokia announces 170 job cuts in Finland Nokia announces 170 job cuts in Finland

Reader comments

?
  • Anonymous
  • 5Jj
  • 14 Nov 2017

If you had any idea of what was going on inside the company you'd know this had everything to do with the age of the Symbian OS and the time/cost of development for new releases. https://www.pcworld.com/article/2042071/the-end-of-symbian-nokia-s...

  • Reply
D
  • AnonD-456831
  • vLy
  • 01 Aug 2017

"Nokia went to windows simply to avoid the viruses on Andriod". I think you meant Microsoft, Windows is the product of Microsoft. And nope. Microsoft went to nokia and paid them for exclusives. Nokia CEO mentioned it was a mistake and was one if not ...

  • Reply
J
  • Joy-808
  • AJj
  • 01 Aug 2017

I will say it again, whatever comments Nokia made at that time to stop Symbian were nothing but the decision taken by Stephan Elop in their Board meetings.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 51

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • BLU
  • Acer
  • Wiko
  • Panasonic
  • verykool
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Samsung Galaxy M6237,274
2.Samsung Galaxy F6236,603
3.Samsung Galaxy S21 Ultra 5G29,632
4.Samsung Galaxy A1227,229
5.OnePlus 926,976
6.Xiaomi Mi 1123,892
7.Xiaomi Poco M321,286
8.Realme Narzo 30A20,079
9.Apple iPhone 12 Pro Max18,992
10.Oppo Reno5 K18,710
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2021 GSMArena.com Mobile version Android app Contact us Privacy Terms of use Change Ad Consent Do not sell my data