About Apple patent dispute: Apple paid Nokia a whopping 1.7 billion dollars

Nokia vs AppleAbout Apple 1.7 billion for Nokia–The long-standing patent disputes between Nokia and Apple were already settled in May. So far was not known at what price. In the official quarterly numbers of Nokia is now the amount of the payment from Apple to Nokia dipped: 1.7 billion US dollars.

Nokia vs. Apple: Nokia erhielt 1,7Mrd. Dollar

After the end of the last patent year between Apple and Nokia, a long time was puzzled about the money that Apple would pay to Nokia. In an official report of Nokia’s quarterly figures, silence was now aired.

“We received a substantial prepayment of 1.7 billion euros from Apple and further expanded our cash position. As mentioned above, our plans are to provide more details about the intended use of cash in conjunction with our Q3 earnings, “reports The Verge. The payment under the blog Nokiamob was discovered in an official transcript.

Apple wanted to avoid escapation

The patent dispute between Nokia and Apple began last year. The Finnish manufacturer had accused Apple of having infringed several patents on iPhone products. The extremely high payment of 1.7 billion US dollars to Nokia suggests that Apple wanted to avoid a further escalation after the agreement.

Apple had accused during the patent of Nokia unfair negotiations. Nokia, on the other hand, complained in eleven countries against the infringement by Apple of patents. It is still unclear what Nokia intends to do with the money. During a telephone conference with investors, it was said that they would comment on this at the end of the third quarter.

Heinz-Peter Ollie Hildebrand

Ivy

Ivy

Ivy is loves technology and has been addicted to it since childhood. Apart from tech, she loves watching sci-fi / historical documentaries and traveling to new places.

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