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NokiaApple and Nokia have settled their licensing disputes, the companies have stated. According to the agreement, Apple will pay Nokia a one-time payment as well as on going licensing fees. “We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”

According to a Nokia press release, the company has invested some 43 billion euros in R&D during the last two decades. It is said to be one of the industry’s strongest and broadest IPR portfolios with over 10 000 patent families.

ThisIsMyNext has a quick analysis on the settlement and why it happened. According to the site, Apple and Nokia both may have taken another look at the dispute and decided to settle it in the face of growing risks.

Apple may have felt that some of the patents now used by the company would fall under their agreements Microsoft as Nokia adopted WP7 as its smartphone of choice. Furthermore, Nokia may have thought that its too risky to continue litigation and decided to offer a lower rate of licensing for Apple.

Like ThisIsMyNext states, we may never know what happened but it’s great to see even the big boys settle their arguments and concentrate their efforts elsewhere.

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