Nokia’s Technologies division, which runs the company’s IP licensing programme, generated revenues of €131 million in the first quarter of 2014, a rise of 8% on the previous quarter and a year on year rise of 7%. The amount is roughly equivalent to $181 million. Significantly, it does not include any royalty income from the €1.65 billion, 10-year licensing deal that Nokia agreed with Microsoft as part of the sale of its handsets business to the American company because this only closed last week. Throw that into the equation and it seems reasonable to say that, finally, this financial year Nokia will become a $1 billion a year patent licensing business. And that, remember, is before it really gets its teeth into chasing down many potential licensees in the Android eco-system and elsewhere. In FY 2013, Nokia made €525 million ($733 million) in royalties.  

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