Under the terms of the expiring agreement, Apple made an up-front cash payment to Nokia (the amount was undisclosed) and also received other payments from Apple over the life of the agreement. Jenni Lukander, President of Nokia Technologies, said, "We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies."
Before the iPhone, the Nokia N95 was the most feature-rich smartphone available
Since 2000, Nokia has invested more than 140 billion Euro ($152.9 billion) in Research and Development and has 20,000 patent families (a patent family is the number of patents received in various countries to protect a single invention) including 5,500 patent families deemed essential to 5G connectivity. As essential patents, they must be licensed on fair, reasonable, and non-discriminatory (FRAND) terms.
While Nokia was the top-selling smartphone brand globally when the iPhone was introduced in January 2007, the company sold off its flailing smartphone division to Microsoft in 2014 in an attempt to gain more traction for a third competitor in an industry that was heading toward an iOS-Android duopoly. But the lack of developer support meant that Microsoft couldn't do any better than Nokia did.In 2016, Microsoft sold the rights to the Nokia smartphone brand to a group led by HMD Global. Nokia and Apple do not compete against each other in the smartphone industry and haven't for some time.
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