Apple gives $ 2 billion to Nokia in dispute over patent

       Apple gives $ 2 billion to Nokia in dispute over patent

Apple gives $ 2 billion to Nokia in dispute over patent
Apple gives $ 2 billion to Nokia in dispute over patent

Business

 SAN FRANCISCO: Nokia and Apple had a dispute over patent in December last year and the case reached the litigation, which was settled with mutual consent in May. After this Apple has paid a one-time cash payment of $ 2 billion to Nokia under the terms of the settlement. According to the media report, what Nokia will do to this amount, has not yet been told.



This feud started last year, when the two companies were involved in the patent. Apple filed a anti-trust lawsuit against a painting on a third party company, which worked on behalf of Nokia. After this, Finnish company Nokia filed a lawsuit directly with the US company Apple.

Read also: Hyderabad gets new identity, Apple's Digital Mapping Center

According to Apple, Nokia had plotted to withdraw money from Apple in the 'illegal patent transfer scheme' with the claiming agencies of PAES patent (Abisia Research and Convent Property Property Management), as Nokia's cell phone business was drowning.

VIDEO: India's future bright, it will last for 1000 years: Tim Kuknokiya also filed a direct lawsuit against Apple in Europe and America and alleged that the company is violating Nokia's patent. In this case, 32 patents were mentioned, which included display, user interface, software and video coding technology.

 Home    News   Business    Career   Mobile news   Jio News    Lifestyle

0/Post a Comment/Comments

Previous Post Next Post