Busy days in the Mobile Wars. Nokia has announced today that it has entered into patent license agreement with Apple.
As we read in nokia's webpage, “the agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission”.
No reference is made to the amount, but it may be significant since “this agreement is expected to have a positive financial impact on Nokia's recently revised outlook for the second quarter 2011 of around break-even non-IFRS operating margin for Devices & Services”.
Stephen Elop, president and chief executive officer of Nokia shows their happiness "to have Apple join the growing number of Nokia licensees”. Mr. Elop considers that "this settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market." Who will be the first target in these further licensing opportunities? A new battle may be shortly served.
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