Apple contributes to Nokia’s €430m patent settlement income
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With Nokia’s Q2 2011 financial results painting a picture of a company weeping money while it desperately retools, there was one glimmer of hope amid the misery. Having beaten Apple in the courts back in June over patent licensing issues, and secured not only a one-time payment but ongoing fees, Nokia declared approximately €430m ($611m) in IPR royalty income, something CEO Stephen Elop described as having “validated” the company’s legal strength. »read more
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