Nokia, Apple settle patent dispute
Finnish handset maker Nokia Corp. says it has settled an outdrawn patent dispute with Apple Inc, putting an end to "all patent litigation" between the two companies.
Apple and Nokia have been locked in a long-running legal battle over patent claims, with each side accusing the other of infringing on patents that cover features such as swiping gestures on touch screens and the built-in "app store" for downloading updated programs.
Under the deal, Nokia says Apple will pay it ongoing royalties as well as a one-time sum, leading both companies to withdraw their complaints to the U.S. International Trade Commission.
Nokia CEO Stephen Elop says his company is "pleased" about the outcome.
The financial details of the settlement were not disclosed Tuesday.