Finally after a long wait, Nokia won patent against Apple resulting in a massive share gain in stock market as well. Nokia rose as much as 4.1 percent in Helsinki trading. The agreement will bolster the Devices & Services unit’s second- quarter profitability, Espoo, Finland-based Nokia said in a statement today. The details of the contract, under which Apple will pay an undisclosed sum and royalties for the term of the agreement, are confidential, Nokia said.
The two mobile-phone makers have been in litigation since October 2009, when Nokia filed a lawsuit accusing Cupertino, California-based Apple of infringing patents. Nokia also demanded royalties on the millions of Apple iPhones sold since the device’s introduction in 2007. Nokia said in March it has 46 patents asserted against Apple in civil lawsuits and complaints lodged with the U.S. International Trade Commission.
“Nokia emerges as a clear winner from the fight,” Sami Sarkamies, an analyst at Nordea Bank AB in Helsinki, said in a note to clients today. The initial payment will likely be in the range of hundreds of millions of euros related to about 200 million Apple devices delivered to date, Sarkamies said.
Nokia claim was that some technology in the iPhone disturbed its patent.
As first Apple, then Google’s Android, showed that easy access to the mobile internet was the future of phones, the giant of the industry appeared asleep at the wheel.
So in 2009 the Finnish firm launched its patent broadside, accusing Apple of trying to get a free ride on its innovation with the iPhone.
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