Microsoft paid Nokia $250 million to use Windows Phone
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Nokia just posted its hugely anticipated Holiday quarter results and summed up its financials for 2011. Not surprisingly, the company posted a huge loss of nearly $1.4 billion (1.07 billion euro), but what’s even more interesting - Nokia is getting paid by Microsoft to make Windows Phones.
Nokia received a $250 million “platform support payment” from Microsoft, just because it is making Windows Phone devices. Nokia also notes that this is the first from a series of payments from Redmond, but it seems that Microsoft has to up that sum to make up for Nokia’s huge loss. »read more
More at: Phone Arena Add additional source
Filed in: MicrosoftNOKIA