Apple said to pay Nokia $2 billion for use of its wireless patents

Apple said to pay Nokia $2 billion for use of its wireless patents
Tucked inside Nokia's quarterly financial report yesterday is an enigmatic "up-front cash payment of approximately EUR 1.7 billion, part of which was recognized in the second quarter 2017 results." 

When probed to clarify if this is part of the eventual settlement with Apple over wireless patents that has been dragging on for a while, the Nokia people confirmed, and urged to join the quarterly release press conference today for more details. 

Nokia settled with Apple in May, and, at the time, said that it will be amending the structure of its capital optimization program, which apparently meant a big one-time payment from Apple, plus ongoing royalties for using the patents that the Finns have amassed through the years as one of the pioneering cell phone makers.

source: Nokiamob

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70 Comments

1. ahmadkun

Posts: 586; Member since: May 02, 2016

I dont remember How was saying that wireless charger is just a gimmick ?

8. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Doesn't matter, with Apple and their fans, everything is a gimmick until Apple reinvents it as the exact same thing with an Apple logo. This lawsuit started the same way as the current QC one, with Apple claiming they didn't have to pay for stealing tech. Regardless, probably going to be a bad quarter for Apple sales and financial growth wise.

36. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Apple iPhone sales basically give them permission to print money. The way they view profit remind me of the Ferengi Alliance.

9. LetsBeHonest

Posts: 1548; Member since: Jun 04, 2013

it's just wireless connectivity parents not wireless charging.

19. Rafishant

Posts: 396; Member since: Oct 13, 2015

Nokia is floating on patents' sea. Nokia current market cap is $40 billion, which makes it a very very big company. The company is going to be a very giant soon. Current Nokia's cash reserve is $14 billion and ZERO debt. I hope they can support HMD Global and concur the smartphone arena again. They can, absolutely!

42. audibot

Posts: 634; Member since: Jan 26, 2017

its all well until apples learns from who it uses then steals it for them selves. and says they invented it.

2. samgsam

Posts: 148; Member since: Mar 24, 2017

When it comes to patents, Nokia is father of all. Apple will have to digest this fact.

5. Bankz

Posts: 2543; Member since: Apr 08, 2016

True.

43. pixelated

Posts: 108; Member since: May 03, 2015

Damn true. This comment gonna hurt blind Apple fans.

3. djcody

Posts: 228; Member since: Apr 17, 2013

Its not for wireless charging, wireless conection

4. Jacksie66 unregistered

If it's anything like the 13 billion Apple owe Ireland then Nokia will never see it..

6. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Its in official accounting paperwork now so it's pretty much guaranteed otherwise they wouldn't have put it in there.

7. 99999

Posts: 142; Member since: Jul 25, 2017

Nokia don't do it, instead kick them out.

10. AmashAziz

Posts: 2923; Member since: Jun 30, 2014

How do you think the world even works like? A stumbling brand uses it Nike toes and ends up kicking a giant out of the playing field in an instant??

11. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Wow, 2 Billion. and almost another billion that a university has won- Apple is starting to payout now But wit nearly 200 billion of shore this is just a drop in the bucket for Apple. Lets hope the EU does not force Apple to cough up the 13 billion owe in Ireland or it could be a start of a trend where the EU starts going after and clamping down on American companies ( eg Google)

12. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Apple guilty, didn't want to court to make them pay even more, so they settled at $2B. They knew they were gonna lose anyways. Qualcomm is gonna rake the hair off Apple's back once they get through.

13. meanestgenius

Posts: 22043; Member since: May 28, 2014

Nokia has quite possibly the largest patent portfolio in mobile. In my eyes, it was a forgone conclusion that Apple would end up paying Nokia for the use of their IP. Patent wars are never pretty, but if you're at fault against Nokia in a patent war, best believe you'll most likely wind up paying them.

14. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Agreed.

17. Flash

Posts: 1972; Member since: May 19, 2017

Disagree. Nokia failed at phones, so they had to be patent litigators.

21. hemedans

Posts: 755; Member since: Jun 01, 2013

Apple is very rich compare to Nokia, while Nokia spend more than 50B usd for research purposes and invent so many things, Apple just spend few million for research and copied others. whats wrong if Nokia earn $2B for her hard earned patents?

25. domfonusr

Posts: 1084; Member since: Jan 17, 2014

There is nothing wrong with Nokia earning $2 billion from Apple for their patents. What is wrong is that, to Apple, $2 billion is chump change. Apple has gotten away with so much that now they are "too big to fail." Apple is the utter monolith in the room, and everyone else is scrambling to get the scraps that Apple allows to fall from its gaping mouth as it eats, chewing up the whole world, resources and people and everything, and processing them into iPhones. It is a certain amount of karma that has come back on Apple, but not nearly as much as should have, and it looks more and more, every day after day, like Apple will get away with it. I've been watching the money move for long enough to know where this will end up without something huge being changed at great expense to everyone else. I feel like Apple has already defeated everybody else, and that everything else coming to an end is inevitable. I've been buying into the Apple ecosystem more and more as I have seen the signs of what is coming. The indications are that Apple is soon going to be the only player in town.

28. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Same was said about Microsoft, Intel, AT&T, etc.. every company has its moment and then it is usurp by the next- Right now in their garage are a couple of kids either working on a Star Trek transporter or a Flux Capacitor. Who knows? But when it is release the world will forget about Apple and say how did we live without the transporter or Flux capacitor and that company will rake in billions as it sell those items. Apple, Samsung, Google, etc.. will all be forgotten ( unless Samsung produces the panels and flash ram for them-lol)

29. Flash

Posts: 1972; Member since: May 19, 2017

I never said it was wrong. It's just humorous that they failed to make a compelling smartphone, so they have to resort to patent litigation. They could do so against any OEM, which could be a problem.

34. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

It's not resorting to anything. Someone used their IP and they're seeking retribution. I doubt you'd have any issues if the situation was reversed and Apple was the plaintiff. And just as an aside, if it weren't for companies like Nokia and Motorola, there would be no smartphone as we know it today, or cellular phones at all for that matter. The iPhone would still be an iPod Touch. It's fine to champion a particular company, but give credit where credit's due.

44. Flash

Posts: 1972; Member since: May 19, 2017

Who says that I champion one company? Despite the comments, I don't care about Apple or any other company. My eyes are on the Pixel 2. I understand Nokia contributions to the smartphone market, but get real.

50. meanestgenius

Posts: 22043; Member since: May 28, 2014

Lol, bullsht. You're here championing your deity Apple right now. No you don't. And if you do, you're dismissing them for your deity.

56. Flash

Posts: 1972; Member since: May 19, 2017

Oh stfu. You are clearly triggered because of what I said. And lol, may I remind you that you are the one who continues to fight the good fight in blackberry articles?

63. meanestgenius

Posts: 22043; Member since: May 28, 2014

Lol, make me, btch. You're seething with anger right now because I said the truth about you. And may I remind you that you're the one that continues to troll BlackBerry articles and make willfully ignorant comments on them using multiple accounts because i keep putting you in your place on them?

54. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

Ok Myx, sure. You understand their contributions? If it wasn't for them, there would be no cell phone market, period. They could stop building anything and just live off their patents, but they're at least trying to do something. And no matter what you think of Nokia, they've had some of the best built devices of any company. They're built like a tank. Now some say that they're not actually building the phones anymore, so what? Most of these companies making smartphones don't build their own products, but it doesn't mean the products will have issues. It depends on how they handle production and what level of craftsmanship they adhere to. But the fact that you're in every single Nokia article, just like you used to be with anything regarding Motorola, and bagging on then constantly, shows you don't understand the contributions they've made. They may not be what they once we're, but it doesn't mean everything they do is crap like you'd like to believe.

55. Flash

Posts: 1972; Member since: May 19, 2017

So to sum up your incessant rant, Nokia contributed, I'm ranting, and you are just being your usual self? This is not the past. This is the future. I'm not going to dismiss what Nokia did for the smartphone market, but everything these days are pretty much standard now. This just shows OEMs being petty because they can no longer measure up. Why else do you think blackberry turned to producing software and security? Why else do you think Palm us now living in LG tvs and what not. Time makes everything relevant or irrelevant.

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