Nokia renews patent licence agreement with Apple
Sunday, 2 July 2023
BEIJING, July 01 (Reuters): Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current licence between the companies expires at the end of 2023.
While terms of the agreement remain confidential between the companies, it covers Nokia's inventions in 5G and other technologies.
Nokia said the company expects to recognize revenue related to the agreement starting January 2024, and it is consistent with the company's long-term outlook disclosed in the first quarter.