[ gsmarena.com ] Nokia receives $2B from Apple over patent settlement

[ mukeshbalani.com ] “You heard it here first…if you haven’t already heard it elsewhere”…

Nokia receives $2B from Apple over patent settlement

Nokia announced today its financial results. The company beat the market expectations, with earnings per share going up €0.08 instead of the predicted €0.05. Nokia Technologies scored a rise of 90% in operating profit for Q2 2017, compared with Q2 2016. A major part played a cash infusion of $2 billion by Apple over the patent license deal that the companies signed earlier in the quarter.

Back in May Nokia and Apple signed an agreement to end all ongoing disputes. A multi-year patent license deal is now in effect and even though back then no details were revealed, now we learn the…

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