Sunday 8 September 2013

Nokia Shifting In The Hands Of Microsoft

Nokia Shifting In The Hands Of Microsoft


 Nokia may have sold its handset commerce to Microsoft but by lynching on to its precious patent assortment, the Finnish group can try to boost up royalties by sewing Android phone makers, or discharge the patents in a future deal. Nokia, once the world’s leading handset maker, has botched to slam a vast lead opened up by Apple and Samsung in the vastly competitive marketplace for smart phones. It will now focus on its networking equipment unit along with navigation business and technology patents.
On Tuesday, Microsoft agreed to compensate 3.79 billion Euros ($5 billion) for Nokia’s handset business, and an added 1.65 billion Euros for a 10-year license to Nokia’s patents, well thought-out with some of the highest-quality patents in the mobile space.
Nokia has long been a confidence player & iconic brand in the cerebral property market. It sued Apple in 2009 and then reached a licensing agreement with the iPhone producer. The conditions were not disclosed but the contract was believed to be worth hundreds of millions of dollars to Nokia.
For Microsoft, captivating a license to Nokia’s patents – but not buying them – serves a tactical aim as well. Microsoft has already swayed about 20 Android manufacturers to pay patent royalties, part of Microsoft’s stab to raise the outlay of Google’s mobile operating system.
Now, Nokia residues free to go after those Android manufacturers for royalties as well.
Nokia representatives were not immediately available for additional comment.

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