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Apple (AAPL) & Nokia End Patent Row, Forge New Partnership:

https://www.yahoo.com/finance/news/apple-aapl-nokia-end-patent-141602696.html

Apple Inc AAPL and Nokia Corp NOK announced that they have settled their patent dispute and forged a new business partnership.

"The two tech giants have chosen not to carry forward the patent wars which are characterized by long-drawn litigation in the tech space. Apple’s chief operating officer, Jeff Williams, said, “We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.”

Though details haven't been disclosed, under the agreement, Nokia will supply “certain network infrastructure product and services” to the Cupertino-based giant, while Apple will once again start selling Nokia’s digital health products in its retail and online stores. Apple also stated that Nokia will receive an “up-front cash payment” with “additional revenues during the term of the agreement.”

Nokia is expected to use the cash to fund its capital allocation plans. Details are likely to be available when the company reports its third-quarter 2017 results."