The Nokia 8 broke cover in the run-up to IFA 2017, so while it wasn't officially launched at the show in Germany, it's one of several phones vying for your cash ahead of a certain company's next phone. It's the most accomplished Android phone that No…
Rebooting the venerable Nokia smartphone brand has not been a rush job for HMD Global, the Foxconn-backed company set up for the purpose of licensing the Nokia name to try to revive its fortunes on smartphones. But after starting with basic and mid-tier smartphones, it’s finally outted a flagship Android handset. Read More
After a quick fight, Apple and Nokia settled a patent lawsuit back in May. But the two companies didn’t comment on the value of this settlement. While terms of the deal are still undisclosed, Nokiamob first spotted that Nokia announced that it has received a $2 billion upfront cash payment from Apple (€1.7 billion). This seems like quite a lot of money, but Nokia won’t get $2… Read More
Nokia disclosed its financial results for the second quarter of 2017 this week, and within the results the company mentioned that it received an “up-front cash payment” of approximately €1.7 billion ($2 billion), part of which was said to be recognized during the Q2 2017 results. Nokiamob then reached out to Nokia, and the company confirmed that the cash payment came from Apple.
The payment is part of a settlement agreement reached between Apple and Nokia in May of this year, regarding a lawsuit began by Nokia in December 2016. In the original lawsuit, Nokia sued Apple in the United States and multiple other countries, with a complaint that stemmed from a disagreement between the two companies over licensing fees for Nokia technology.
The legal battle continued to escalate as Apple responded with its own antitrust lawsuit against Nokia. In Apple’s claims, the company said that Nokia was transferring patents to patent holding entities in a bid to gain additional royalties from Apple, violating FRAND (Fair, Reasonable, and Non-Discriminatory) deals Apple had established with Nokia.
In the settlement news this past May, the companies agreed to a multi-year patent license deal, where Nokia would provide “certain network infrastructure products and services” to Apple, and Apple would then return all Nokia-owned health products to Apple retail and online stores.
In regards to the $2 billion payment from Apple, Nokia said it would disclose its plans for the money in its Q3 earnings later this year.
Second, we got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings.
Nokia Technologies led the way, with sales up 90% versus the same period last year. That was largely, but not completely, driven by our recently-announced agreement with Apple; and you can also see the impact of that agreement in our cash position.
So far, Apple has only partially paid the $2 billion cash sum to Nokia, so besides finishing that payment, Apple will also continue to pay royalties to the company during the term of the agreement.
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Apple today resumed carrying Nokia’s digital health products on its online store in the United States and Canada, nearly two months after the two companies announced they settled all litigation related to their intellectual property dispute.
The products available to purchase again include Nokia’s Body Cardio Scale, Body+ Scale, BPM+ Blood Pressure Monitor, and Thermo Thermometer. Each of the accessories were previously sold under the Withings brand, which Nokia retired last month after acquiring that company for around $192 million last year.
Apple’s website indicates the products are also available for pickup at Apple’s retail stores between Friday, July 21 and Monday, July 24.
Apple had removed all Withings accessories from its online and retail stores around the world in December due to a legal dispute with Nokia. On May 23, however, Apple and Nokia announced they settled all litigation and agreed to a business cooperation agreement with a multi-year patent license.
The legal dispute began last December, when Nokia filed dozens of patent infringement lawsuits against Apple in the United States and other countries. Apple countersued Nokia, accusing the former phone giant of transferring patents to patent holding entities to squeeze additional royalties from the iPhone maker.
As part of the settlement, Nokia will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement. Nokia will also be providing “certain network infrastructure product and services” to Apple.
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Finnish startup HMD Global resurrected the Nokia name with a new line of Android smartphones unveiled back in February. Undaunted by lack of carrier deals, they've kept releasing more throughout the year, including the Nokia 6 back in June. But a few…