Apple and Nokia settling all legal disputes by signing patent license and business collaboration agreement

Briefing

Apple and Nokia settling all legal disputes by signing patent license and business collaboration agreement

June 12, 2017

Briefing

  • Legal Disputes Settlement – Apple and Nokia signed multi-year patent license and business collaboration agreement on May 23, 2017 as way to resolve ongoing legal disputes over intellectual property filed in December 2016, covering 40 patents in 11 countries
  • Partnership Details – Nokia providing network infrastructure products and services to Apple, and Apple resuming sale of Nokia's digital health products in its online and retail stores, with both companies' top executives holding regular summits to discuss relationship status
  • Financial Implications – Value will reflect in Nokia's patent licensing and other relevant business groups' sales, with company receiving non-recurring catch-up revenue from Apple by 2017 Q2
  • Companies Future Plans – Both companies also revealed plans to explore eventual partnership in digital health initiatives

Market Disruption

Sector

Information Technology

Organization

Apple Inc., Nokia Oyj

Source

Original Publication Date

May 23, 2017

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