Apple, Nokia Settle Patent Dispute
Apple and Nokia announced Tuesday that they have reached an agreement to settle a long-held patent dispute.
Apple has agreed to pay Nokia an undisclosed sum -including a one-time payment plus ongoing royalties- to settle the dispute.
"We are very pleased to have Apple join the growing number of Nokia licensees," Stephen Elop, president and chief executive officer of Nokia, said. "This settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."