After a long running dispute over a number of patents Apple and Nokia have settled the suit. The settlement covers all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
The dispute first began in October 2009 and was extended a number of times. Apple also countersued Nokia for patent infringement.
The agreement consists of 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 terms of the agreement beyond this information is confidential.
In a statement Stephen Elop, president and chief executive officer of Nokia said, "We are very pleased to have Apple join the growing number of Nokia licensees" adding, "This settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."