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Apple v/s Nokia patent fight


Posted By Tiny on 03 Aug 2017

Nokia’s 2nd quarter saw an unaccounted income of 2 Billion USD. Many questions were raised regarding the same. To which Nokia issued an official statement in Nokiamob.net, Nokia’s official website, in which they stated that the cash flow of 2 Billion USD was the settlement amount paid by Apple to Nokia for a patent infringement case which got settled between them.

 

In 2016-17, Nokia filed as many as 40 patents infringement suits in 11 different countries against Apple, as they had allegedly infringed their patented innovation. As per Nokia, the suit got settled between the parties for which Apple made a one-time payment of 2 Billion USD.

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