Nokia and Apple resolve IP dispute, enter into business partnerships

Apple and Nokia have buried their litigious hatchets and resolved their long-running intellectual property dispute centered on smartphone and cellular technology patents. The companies are moving forward as business  partners now.

“This is a meaningful agreement between Nokia and Apple,” said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia’s patent licensing business. “It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”

According to a press release from both parties,"under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores,  and Apple and Nokia are exploring future collaboration in digital health initiatives. Regular summits between top Nokia and Apple executives will ensure that the relationship works effectively and to the benefit of both parties and their customers." This proves that rivals can always become partners, specially if there's profit to be made for both sides.