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Nokia receives over $615 million in licensing fees from Apple?

Nokia receives over $615 million in licensing fees from Apple?

Posted: 22 Jul 2011, 08:05, by Victor H.

Categories: Nokia Nokia Apple Apple Bookmark

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Nokia receives over $615 million in licensing fees from Apple?

Nokia's heartbreaking results yesterday might have toned down your expectations for the company, but a bit of sunshine broke through the clouds over Finland as now it's clear how much the company will get in licensing fees from Apple. Cupertino settled for an undisclosed amount in a patent lawsuit last month, and judging from Nokia's patent-related licensing earning for the quarter, the sum is $616 million (430 million euro).

It's not clear whether all of that comes from Apple, but it's likely that an overwhelming portion stems from Cupertino as there were no other huge settlements this quarter, while last trimester, for example, the Finns didn't file any earning in that category at all. Except for the one time lump sum, the California-based phone maker has agreed to pay royalties for some patents courtesy of Nokia.

Nokia has over 10,000 key wireless patents, some of which touch on the user interface and core features like multitasking, data syncing and positioning. With Symbian smartphone sales collapsing by 34 on the year to 16.7 million units, Nokia might well have to rely more on those royalties, at least until it rolls out the anticipated savior in the form of a Nokia Windows Phone at the end of the year.

source: Nokia (PDF)

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1. android_hitman posted on 22 Jul 2011, 08:08 0 0

this is nothing for apple... they can afford to loose lawsuits and pay fees...

2. snowgator posted on 22 Jul 2011, 08:23 5 0

Does anyone remember when 616 million was a lot of money?

10. box (unregistered) posted on 22 Jul 2011, 10:19 3 0

I wouldn't mind getting $616 million.... I'd buy an island for everyone in my family, and have more than enough left over to build luxury homes on them

16. Cinnamon posted on 22 Jul 2011, 12:40 2 5

People like you don't care about the world.

3. Dion (unregistered) posted on 22 Jul 2011, 08:28 4 1

That's what happens when you copy others.

This comment is hidden because of its low rating. Show

4. The_Miz posted on 22 Jul 2011, 09:00 3 14

How pathetic that Nokia has to resort to lawsuits because they're too stupid to try and be innovate and compete by offering quality products. In the long run, it's Nokia that will suffer, not Apple.

5. toottoot (unregistered) posted on 22 Jul 2011, 09:03 10 2

right back atcha apple!!!

6. wassup posted on 22 Jul 2011, 09:10 10 1

How pathetic that Apple has to resort to lawsuits because they're too stupid to try and be innovate and compete by offering quality products. In the long run, it's Apple that will suffer, not Nokia

7. remixfa posted on 22 Jul 2011, 09:16 6 2

like always your an idiot, miz. i bet your mom slaps you every morning for being so stupid.

8. snowgator posted on 22 Jul 2011, 09:44 6 0

Being honest Miz, If this was "HTC" paying Apple- you would have been all over it. You just post to start arguments don'tchya?

21. BobbyTaba posted on 22 Jul 2011, 15:16 3 0

when ppl said apple should do this you had a bitch fit now ur saying the same for nokia. dumbass fanboy

30. The_Miz posted on 24 Jul 2011, 19:45 0 0

There's a lot of ignorance below lol. Supposedly people defending this bs lawsuit.

9. Heatfan316 (unregistered) posted on 22 Jul 2011, 10:05 0 0

Has over 10,000 patents thats just about everything,how does apple have any wireless patents, I think apple just makes s**t up.

13. 530gemini posted on 22 Jul 2011, 12:15 0 0

@heatfan. Nah. I think you're the one who just makes s**t up :)

27. iHateCrapple posted on 22 Jul 2011, 18:45 0 0

I'm not up on patent or trademark law, but from what I understand it's similar to driving to a destination. Theres a bunch of different ways to get to the same place, just depends on which turns your take. Patents are similar in the sense that, yes products can do the same thing but their underlying method of how it does it is different. I'm not a big enough dork to thoroughly explain it the way that it should but all smartphones can sync your calendar and email, hook up to WiFi, and capture pictures, but their underlying "code" may be different. Kodak may "own" a certain way a picture is captured and then displayed on a screen. Apple may have come up with a different solution, or not...

http://www.topnews.in/apple-sued-kodak-over-photo-patent-2251997

Kodaks way may just be a faster and more efficient way of doing the same thing.

11. Lwazi_N posted on 22 Jul 2011, 11:32 1 1

Wassup, you blind iSheep- it's OK when Apple sues other manufacturers but not when Apple are being sued... Owkaayy...

12. Lwazi_N posted on 22 Jul 2011, 11:37 0 0

Ok, Wassup, misread your post... I agree with you. I really like it when Apple are being sued because they wanna sue everyone- instead of competing fairly by innovation, as you noted, they want to go to courts. The HTC saga is a good example- Apple want to ban HTC products from entering the US. How desperate is that...

14. 530gemini posted on 22 Jul 2011, 12:17 0 0

@lwazi. You like it when Apple gets sued, but you don't like it when Apple sues? Wow, thanks for making it clear to all of us that you're a jerk :)