The Finish company, Nokia had filled a lawsuit in US and Europe against Apple few months back. Nokia claimed that Apple is using 32 of its patents in its devices without taking its permission. Nokia claimed that Apple is using its patent like “display, user interface, software, antenna, chipsets and video coding, but not paying for it. Such legal battles are common in industry and can drag for years. But out of utter surprise Nokia and Apple Settle Patent Dispute and Deeper Business Collaboration.
Also Read: Nokia Sues Apple for Patent Infringements
After the settlement of patent dispute, Apple has agreed to buy more network products and services of Nokia. In this way Nokia’s share will grow up-to 7 percent.
Nokia and Apple Settle Patent Dispute and Sign Business Collaboration
According to the deal, Nokia will get bigger royalties from Apple for using its phone patents. No one was expecting such fast resolution to the dispute started in December.
Apple released the details about business collaboration:
Under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives
Apple will also start keeping Nokia’s digital health products in its retail and online stores. These products vanished from Apple stores a few days after Nokia filed the patent suit.
Apple chief operating officer Jeff Williams said:
“We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.”