Printed from http://www.electronista.com

First patent settlement payment by RIM to Nokia over $65M

updated 08:54 am EST, Fri December 28, 2012

Ongoing fees between $2 and $5 per handset expected in future

The first part of Research In Motion's settlement with Nokia has been paid, a week after the two companies agreed to end all of their outstanding patent battles. The one-off payment of 50 million euro ($65 million) by RIM will be followed by currently-unknown ongoing payments, as part of a patent licensing agreement between the mobile phone manufacturers.

A filing by RIM with the Securities and Exchange Commission shows the $65 million payment, "which has been recorded in the Company's consolidated statement of operations in the third quarter of fiscal 2013", according to All Things D. While a previous statement from Nokia makes the settlement seem to weigh heavily in its favor, it isn't clear how much the ongoing payments will cost RIM. It is speculated that the royalty rate could be between $2 and $5 per handset, though the large initial payment could end up making the eventual fee drift towards the lower end of the scale.

Nokia earns a considerable amount off its almost 10,000 patent families. Aside from one-off payments such as RIM's $65 million, it is thought that Nokia take in around 500 million euro ($658 million) per year, just in ongoing royalties.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented