Ericsson to Agrees Royalty Deal with Apple
Ericsson has agreed to a royalty deal with Apple which will see it earn money for every iPhone sold by the company
A long-running patent dispute between Ericsson and iPhone manufacturer Apple has finally been resolved, with the Cupertino-based company agreeing to pay Ericsson a fixed royalty on every iPhone sold over alleged patent infringements.
Ericsson has claimed that Apple has been violating its patents extensively over the last few years, with as many as 41 Ericsson-owned technologies featuring in the smartphone range, resulting in the Swedish company filing disputes in several juristictions in February of this year. Rather than prolong the legal wrangling, though, Apple has come to an arrangement with Ericsoon, and the lawsuits have been dropped.
As part of the out of court settlement, Ericsson will receive a lump sum payment from Apple, on top of royalties for every iPhone sold. The exact figures for the settlement remain undisclosed, but it's likely to be a hefty chunk of change for Apple whatever way you cut it.