{"id":341679,"date":"2017-05-23T16:09:56","date_gmt":"2017-05-23T08:09:56","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1494270"},"modified":"2017-05-23T16:09:56","modified_gmt":"2017-05-23T08:09:56","slug":"apple-and-nokia-bury-patent-hatchet","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/apple-and-nokia-bury-patent-hatchet\/","title":{"rendered":"Apple and Nokia bury patent hatchet"},"content":{"rendered":"

<\/p>\n

Well that didn\u2019t last long. A fresh patent spat between Nokia and Apple which\u00a0fired up at the back end of last year<\/a>\u00a0when Cupertino accused the former world number one mobile maker of making like a patent troll appears to have been resolved already.<\/p>\n

The two companies\u00a0said today they\u2019ve reached agreement to settle all litigation pertaining to the dispute, inking a multi-year patent license.<\/p>\n

Nokia will be getting an upfront cash payment, followed by further revenues over the term of the agreement. Its suit had covered a swathe of patents, including from\u00a0NSN and Alcatel-Lucent (following its full acquisition of both), related to technologies including software, video coding, chipsets, display, UI and antenna.<\/p>\n

The value of the arrangement is not being specified, and neither company is commenting publicly beyond a press release sent this morning \u2014 which states\u00a0that under a \u201cbusiness collaboration agreement\u201d Nokia<\/span> will be providing \u201ccertain network infrastructure product and services to Apple\u201d.<\/p>\n

Apple will also resume carrying Nokia\u2019s\u00a0<\/span>digital health products (formerly under the Withings brand) in its\u00a0retail and online stores. These\u00a0products vanished from Apple stores a few days after Nokia filed the patent suit<\/a>.<\/p>\n

The pair added\u00a0they\u00a0are also exploring \u201cfuture collaboration in digital health initiatives\u201d, and that\u00a0\u201cregular summits\u201d will take place between top\u00a0executives aimed at keeping the wheels of the reset relationship\u00a0well greased.<\/p>\n

In terms of where the value of the agreement will sit on Nokia\u2019s balance\u00a0sheet, it will appear partially as patent licensing net sales in the Nokia Technologies division, and partially as net sales in other Nokia business groups \u2014 reflecting the fact the payment is for product and services, not just patent settlement cash.<\/p>\n

Nokia\u00a0said it will follow its existing practices for disclosing patent licensing revenue in its quarterly announcements, and expects revenues for the agreement to\u00a0start to be recognised in the second quarter of 2017, including an element of non-recurring catch-up revenue.<\/p>\n

It also said\u00a0that due to the up-front cash payment from Apple it will provide a \u201ccomprehensive update of its capital structure optimisation program\u201d in conjunction with its Q3\u00a0results.<\/p>\n

Commenting in a statement, Maria Varsellona, chief legal officer at Nokia, said: \u201cThis is a meaningful agreement between Nokia and Apple. It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.\u201d<\/p>\n

\u201cThis agreement will strengthen our collaboration,\u201d added Basil Alwan, president of Nokia\u2019s IP\/optical networks business, in another statement. \u201cWe look forward to supporting Apple.\u201d<\/p>\n

In its supporting statement, Jeff Williams, Apple\u2019s chief operating officer, added: \u201cWe are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.\u201d<\/p>\n

Nokia shares opened up\u00a0around five per cent on the news of the settlement.<\/p>\n

Featured Image: Shutterstock<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Well that didn’t last long. A fresh patent spat between Nokia and Apple which fired up at the back end of last year when Cupertino accused the former world number one mobile maker of making like a patent troll appears to have been resolved already. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-341679","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=341679"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341679\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=341679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=341679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=341679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}