Apple could pay Nokia $600M up front, $550M each year in patent settlement

Deutsche Bank analyst Kai Korschelt on Tuesday estimated that Nokia stands to make a pretty penny off of royalty payments from Apple�moving�forward. Nokia announced early on Tuesday that it had reached an agreement with Apple regarding a series of patent disputes filed by each company over the past few years.�Based on recent settlements tied to similar cases in the industry, Korschelt estimates that Apple will give Nokia a $608 million lump-sum payment up front. Following that initial payment, Apple will like pay Nokia a 1% royalty on all iPhones sold each quarter as a licensing fee. At Apple’s current pace ? which has increased steadily rapidly since the iPhone first launched ? that works out to approximately $138 million each

Source: http://www.bgr.com/2011/06/14/apple-could-pay-nokia-600m-up-front-550m-each-year-in-patent-settlement/

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