∞ Apple to pay Nokia in patent lawsuit settlement

Apple and Nokia ended their back and forth patent lawsuits on Tuesday with Nokia coming out the victor.

[ad#Google Adsense 300×250 in story]In a press release issued by Nokia, the company said Apple would make a one time payment, presumably for the time Apple has been infringing on the patents, as well as ongoing royalties. Specific terms were not released.

“We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop, president and chief executive officer of Nokia. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”

Nokia also said that the agreement will end all patent litigation and both companies will withdraw their complaints to the US International Trade Commission.