The former ruler and current ruler of the smartphone market Apple and Nokiahave been suing each other for years for patent infringement claims. As you can imagine, these lawsuits are causing both companies to lose both time and money.

To put an end to this situation, a new patent license agreement was signed between Apple and Nokia. Thanks to this agreement, including the 5G technology between the two companies, all patent litigation will end. In addition, Apple will be able to benefit from Nokia’s patent portfolio for a certain period of time.

So what are the details of the deal?

The details of the deal have not been fully disclosed, but it was stated that Apple would make a significant payment to Nokia and share revenue in the future. Under the deal, Apple’s It can use its patents in areas like network infrastructure, video encoding, wireless charging. expressed.

Nokia exited the deal a strong contender as the company has unique technologies and a long portfolio of patents and technologies. nokia, With 5G technology total, including 5,500 related patents Has more than 20,000 patents. Under the agreement, Apple will have access to a large number of patents.

The deal would benefit both Apple and Nokia. By using Nokia’s technologies in its own products, Apple innovative and competitive it could be. Nokia, on the other hand, can invest and increase its market share by increasing its patent revenue.