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Nokia confirms it will receive more than it gives to Microsoft in 2013

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Nokia confirms it will receive more than it gives to Microsoft in 2013
Nokia will has received more money from Microsoft than it has paid for Windows Phone royalties, the company said today in a 20-F filing. Microsoft has been paying Nokia $250 million to support its tough transition from Symbian to Windows Phone as its one and only smartphone platform.

Nokia on the other hand still has to pay an undisclosed amount of money to license every device it sells that is running on Microsoft’s Windows Phone.

And while over the whole period of the agreement Nokia will have to pay more to Microsoft, in 2013, the balance sheet will be in its favor as the amount it receives as platform support from Microsoft will exceed the money Nokia pays for licenses.

Here is the Microsoft part of Nokia’s 20-F filing:



source: Reuters

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