Microsoft Made $250M in 'Platform Support Payments' to Nokia
Jan 26, 2012, 8:06 AM by Eric M. Zeman
Nokia's most recent quarterly results show that Microsoft paid the company $250 million for adopting Microsoft's Windows Phone 7 platform. "Our broad strategic agreement with Microsoft includes platform support payments from Microsoft to us as well as software royalty payments from us to Microsoft," said Nokia. "We have a competitive software royalty structure, which includes minimum software royalty commitments. Over the life of the agreement, both the platform support payments and the minimum software royalty commitments are expected to measure in the billions of U.S. dollars." Nokia reported that it has sold more than one million Lumia smartphones to-date, but it recorded a loss for the quarter of $1.4 billion.
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
Nov 18, 2020
Google today launched a major revamp of its Google Pay app with a new interface and several major new features. Instead of a stack of cards and list of transactions, the new interface centers around the people and businesses you exchange money with, with a conversation-style interface for each person, group, and business.
Aug 5, 2020
Samsung today revealed its latest Galaxy Note phones: the Galaxy Note20 and Galaxy Note20 Ultra . On the software side, the new Note phones include an overhauled Samsung Notes app with free cloud sync, PDF annotation, nested folder structure, personalized handwriting neaten-ing, sound recordings time-synced with your own notes, and sync with both OneNote and Outlook.
May 4, 2021
As part of its quarterly earnings report today, T-Mobile provided an update on its 5G rollout and Sprint customer migration. The company's faster "Ultra Capacity" 5G network — the bulk of which relies on 2.5 GHz mid-band radio frequencies — now covers 140 million people and is on track to cover 200 million by the end of 2021.