The $2 billion Apple licensing deal validates Nokia's portfolio and its strategy; expect more to follow 31 Jul 17
If you were looking for clues as to why Apple is fighting its patent battle with Qualcomm so intensely, you might find some in the latest quarterly results announced by Nokia. These reveal a one off payment of over $2 billion to the Finnish company following the worldwide settlement of the dispute between the pair in May, as well as ongoing royalty payments. Even for a business as cash-rich as the iPhone superpower, that’s a serious amount of money – and a considerable blow to pride.
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