Apple and Nokia Settle All Patent Litigation
Apple and Nokia have announced a new settlement in the years-old patent lawsuit between the two companies. Though the terms weren't disclosed, Apple is making a lump sum payment to Nokia in addition to on-going royalties for the length of the agreement. Nokia sued Apple in 2009, claiming Apple's iPhone infringed on a number of patents pertaining to cell phone technologies such as wireless data, speech coding, security and encryption, and even swiping gestures and on-device application stores. Apple countersued. With a settlement reached, the companies have dropped all the litigation between them, including actions with the U.S. International Trade Commission. "We are very pleased to have Apple join the growing number of Nokia licensees," said Stephen Elop, president and chief executive officer of Nokia in a prepared statement. "This settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
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