Apple will compensate Nokia for ending patent lawsuit
The two companies have been arguing over patent rights since October 2009. Nokia has sued Apple and said that Apple’s iPhone has stolen the telecommunications and wireless patents of Nokia mobile phones. The lawsuit also shows that Apple has borrowed from Nokia's patents in wireless data, voice coding, security and encryption. Since then, lawsuits have continually escalated to the US International Trade Commission (ITC).
The settlement agreement resolved all patent issues between the two companies and both parties withdrew their complaints from ITC. Apple spokesman Alan Hely said that the settlement is beneficial to both parties, so that they can concentrate on their respective businesses.
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