Nokia and Apple Settle Patent Lawsuit
June 15, 2011 - Helsinki, Finland (AHN)
The two-year patent dispute between technology giants Nokia and Apple was settled on Tuesday. The two companies agreed to a settlement with Nokia getting a one-time payment and royalties.
Nokia filed a lawsuit in October 2009 against Apple over charges of patent infringement covering 46 patents such as touch interfaces, caller ID, display illumination, 3G and wi-fi technology.
The Finnish mobile phone manufacturer sought royalties for millions of Apple iPhones sold since the California-based firm rolled out the smartphone in 2007.
Apple filed a countersuit against Nokia.
The two firms, however, did not disclose the amount involved in the one-off payment and royalties. They also agreed on a technology licensing agreement that would end the legal battle between them.
Apple said that while both parties agreed to drop all of their current lawsuits and ink a license agreement that would cover some of both companies' patents, the deal does not cover the bulk of innovations that make the iPhone unique.
News of the settlement caused Nokia shares to rise by to 4.1 percent in Helsinki trading.
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