Nokia receives over $615 million in licensing fees from Apple?
posted by Victor H. / Jul 22, 2011, 8:05 AM
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).
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.It's not clear whether all of that comes from Apple, but it's likely that an
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)
Posts: 3614; Member since: Jan 19, 2011
Does anyone remember when 616 million was a lot of money?
posted on Jul 22, 2011, 8:23 AM 5
10. box unregistered
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
posted on Jul 22, 2011, 10:19 AM 3
Posts: 1496; Member since: Apr 06, 2011
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.
posted on Jul 22, 2011, 9:00 AM 3
Has over 10,000 patents thats just about everything,how does apple have any wireless patents, I think apple just makes s**t up.
posted on Jul 22, 2011, 10:05 AM 0
Posts: 734; Member since: Feb 12, 2010
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.
posted on Jul 22, 2011, 6:45 PM 0
Posts: 205; Member since: Jun 23, 2011
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...
posted on Jul 22, 2011, 11:37 AM 0
Posts: 58; Member since: Jul 21, 2011
lol i'm not an iSheep :P im a WP7 AND DROID fan :D
posted on Jul 22, 2011, 1:35 PM 1
Posts: 5506; Member since: Oct 08, 2009
I wonder if the fandroid trolls are outraged that Nokia is suing people to protect the IP?
posted on Jul 22, 2011, 3:57 PM 0
Posts: 14605; Member since: Dec 19, 2008
as always, your an idiot and behind. nokia already sued and won. thats just what nokia got this year from them. There is a difference between suing to protect patents and suing over similar icon coloring which isnt pattented. Apple sues to protect marketshare, not IP.
posted on Jul 23, 2011, 10:13 AM 1
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