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Nokia makes more money licensing patents than from Lumia sales

Nokia collected $600m from Apple
Mon Apr 30 2012, 16:35

FINNISH PHONE MAKER Nokia makes more money from licensing its patents to Apple than it does selling Lumia phones.

The news comes just over a week after Nokia reported a loss of $1.7bn for the first quarter of 2012.

They say bad news comes in threes, and that's no exception for the Finns, as research firm Strategy Analytics reported last week that Samsung snatched Nokia's top mobile vendor crown in terms of units shipped in the first quarter of this year.

A story run by Appleinsider maintains that Nokia collected $600m from Apple to settle a patent licensing dispute involving a variety of standards essential patents in the Iphone - more than the amount made selling its Windows Phone-based Lumia devices.

We asked Nokia to confirm whether these figures we true and it replied, "it is not Nokia's policy to comment on market rumour or speculation."

If things don't brighten up for the Finnish phone maker, perhaps it will choose to sell its broad patent portfolio to other firms in order to reap back its lost profit.

With global ratings agency Fitch downgrading Nokia's credit rating to "junk" earlier this month following its poor first quarter earnings, it's going to have to do something. µ

 

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