∞ Apple deal bought Nokia much needed time

The patent infringement settlement between Apple and Nokia did more than stock Nokia’s pockets full of cash, it also gave the company some much needed time to change. Experts peg Apple’s one-time payment to Nokia at $650 million. Apple will also pay ongoing license fees.

“The payments from Apple may give Nokia more time to cope with a challenging portfolio transition before its capital structure, which is currently very strong, begins to erode,” Wolfgang Draack, Senior Vice President at Moody’s, said in a statement.

Apple deal could buy Nokia time to change: Moody’s | Reuters