Apple and Nokia Sign Patent License Agreement

The past ruler and current ruler of the smartphone market Apple and Nokiahave been suing each other for patent infringement claims for years. These lawsuits, as you can imagine, cause both companies to lose both time and money.

To put an end to this situation, a new patent license agreement was signed between Apple and Nokia. Thanks to this agreement, including the 5G technology between the two companies, all patent litigation will end. In addition, Apple will be able to take advantage of Nokia’s patent portfolio for a certain period of time.

So what are the details of the deal?

The details of the deal were not fully disclosed, but it was stated that Apple would make a significant payment to Nokia and would enter revenue sharing in the future. Under the deal, Apple’s It can use its patents in areas such as network infrastructure, video coding, wireless charging. expressed.

Nokia left the deal as a strong party, as the company has unique technologies and a long portfolio of patents and technologies. nokia, With 5G technology total, including 5,500 related patents Holds more than 20,000 patents. Under the agreement, Apple will have access to a large number of patents.

The deal is thought to be beneficial for both Apple and Nokia. By using Nokia’s technologies in its own products, Apple innovative and competitive it could be. Nokia, on the other hand, can invest and increase its market share by increasing its patent income.