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The conflict escalates between Apple Settles and Nokia
as declared in the Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent.
QUICK RESOLUTIONAnalysts were surprised by the relatively quick resolution of the dispute between Apple and Nokia.
But licensing payments are highly profitable and the network business is suffering an industry-wide slump.
Under the patent license agreement, Nokia will receive a “significant” upfront cash payment and additional revenues from Apple starting from the current quarter.
Apple complained of being overcharged and Nokia responded by accusing Apple of violating technology patents.
collected by :Roy Mark