Nokia and Apple Agree to Settle Patent/Smartphone Dispute

Nokia Corp., the Finnish handset maker, and Apple Inc. have agreed to settle their long running patent/smartphone dispute. In 2009, Nokia sued Apple, claiming Apple's touch-screen iPhone used patented technology. Apple countersued, accusing Nokia of copying the iPhone.

Though the specifics are confidential, Apple will make a one-time payment to Nokia that is estimated to be in the hundreds of millions of dollars. According to Nokia, the settlement will positively impact its second quarter result. Apple will also sign a patent license agreement and continue paying royalties to Nokia.

Both Nokia and Apple will withdraw their complaints filed with the US International Trade Commission.

Related content: A Perspective on the Patent Wars over Mobile Technology

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