Pro: Nokia and Apple end patent litigation , Apple to become a Nokia licensee

Nokia and Apple have finally settled all pending patent litigation between the two companies which has been going on for over 2 years now. It's a small victory for Nokia who has invested billions of dollars in R&D. The exact terms of the deal have not been disclosed but Apple will make a one-time payment to Nokia and will be royalties for the duration of the agreement. We expect the one time payment to be at least a few hundred million dollars.
Nokia enters into patent license agreement with Apple
Apple payments to Nokia settle all litigation and have positive financial impact
Nokia Corporation
Stock exchange release
June 14, 2011 at 08:05 (CET +1)
Espoo, Finland - Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific terms of the contract are confidential.
"We are very pleased to have Apple join the growing ...