Finnish telecom gear maker Nokia has signed its last major smartphone patent license agreement and concluded the renewal cycle which began in mid-2021.<\/p>\n
\u201cNokia Technologies \u2013 Nokia\u2019s licensing business \u2013 will now enter a period of stability with no major smartphone agreements expiring for a number of years,\u201d the company said on Thursday.<\/p>\n
This follows recent agreements with Honor, Oppo, Vivo, and the new agreement now concluded with a company whose license expired earlier, as well as the license agreements signed with Apple and Samsung last year, and Huawei in December 2022.<\/p>\n
As per the statement, Nokia Technologies currently has an annual net sales run-rate (contracted recurring net sales) of approximately 1.3 billion euros, excluding catch-up net sales.<\/p>\n
In addition to the remaining addressable smartphone market, it will continue to focus on opportunities to grow the annual net sales run-rate through patent licensing in areas such as automotive, consumer electronics, IoT and multimedia, to reach a run-rate of 1.4-1.5 billion euros in the mid-term.<\/p>\n
Nokia Technologies\u2019 Q1 net sales are expected to benefit from significant catch-up net sales in excess of 400 million euros related to prior periods of non-payment.<\/p>\n
\u201cConclusion of our smartphone license renewal cycle will enable us to focus on growing our licensing run-rate in new areas. We have already made significant progress in these growth areas and have a strong pipeline of future opportunities,\u201d said Jenni Lukander, President of Nokia Technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finnish telecom gear maker Nokia has signed its last major smartphone patent license agreement and concluded the renewal cycle which began in mid-2021. \u201cNokia Technologies \u2013 Nokia\u2019s licensing business \u2013 will now enter a period of stability with no major smartphone agreements expiring for a number of years,\u201d the company said on Thursday. This follows recent agreements with Honor, Oppo, Vivo, and the new agreement now concluded with a company whose license expired earlier, as well as the license agreements signed with Apple and Samsung last year, and Huawei in December 2022. As per the statement, Nokia Technologies currently has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-800878","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=800878"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800878\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=800878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=800878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=800878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}