Nokia signs new patent license agreement with Apple

Nokia has signed a new patent cross-license agreement with Apple which will replace the current license that is due to expire at the end of 2023.
Apple iphone 12 5G smartphone in SingaporeApple and Nokia did not reveal the terms of the agreement.

Jenni Lukander, President of Nokia Technologies, said: “We have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”

Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024.

Nokia has invested more than €140 billion in R&D since 2000. Nokia has around 20,000 patent families, including over 5,500 patent families declared essential to 5G.

Latest

More like this
Related

EU orders Apple to stop geo-blocking on media services

The European Union (EU) has directed Apple to cease...

Which’s the top selling smartphone brand globally in Q3 2024?

Counterpoint Technology Market Research said Apple’s iPhone 15 was...

Apple retains lead in global tablet market in Q3: Canalys

Worldwide tablet shipments rose by 11 percent in Q3...

Xiaomi India President Muralikrishnan B resigned

Xiaomi India announced that Muralikrishnan B, President of Xiaomi...