Apple pays Nokia $2 billion cash payment to settle lawsuit.
Apple pays Nokia $2 billion cash payment to settle lawsuit
IANS | | Jul 29, 2017, 02.30PM IST
AGENCIES
SAN FRANCISCO: A After a patents row that escalated between Nokia and Apple in December last year and was settled in May, Nokia has received a $2 billion upfront cash payment from Cupertino-based tech company as part of the settlement terms.
According to a report in TechCrunch on Friday, Nokia will not get $2 billion every quarter -- this was non-recurring catch-up revenue and Nokia hasn't said what it plans to do with all this cash.
# Manoj k Wilzon (Blog ADMIN)
According to a report in TechCrunch on Friday, Nokia will not get $2 billion every quarter -- this was non-recurring catch-up revenue and Nokia hasn't said what it plans to do with all this cash.
# Manoj k Wilzon (Blog ADMIN)
Comments