Apple Reports Strong iPhone Sales in Q4
Apple reported record revenue of $94.9 billion in its fiscal fourth quarter of FY 2024.
Nokia signed a multi-year patent license agreement with HP covering the usage of video technology. The deal effectively ended litigation between the two companies.
Nokia said in a statement that HP will now be able to use its video technologies in its devices and it would receive royalty payments. Terms of the agreement remain confidential. Nokia filed a lawsuit against HP in the US for alleged unauthorized use of patented video-related technologies in November 2023. The Finnish vendor started a lawsuit in a separate case against Amazon over a similar issue.
Arvin Patel, chief licensing officer of new segments at Nokia, said the agreement with HP recognizes Nokia’s leadership in video and multimedia technologies, and decades-long investment in R&D. When launching the cases, Patel said litigation was not Nokia’s first choice, but it had been in discussions with HP and Amazon for a number of years and legal action is sometimes the only way to respond to companies who choose not to play by the rules.