Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023.
Visitors talk to staff members at a display for technology firm Nokia at the PT Expo in Beijing, Sunday, June 4, 2023. The annual expo showcases Chinese and foreign technology firms. –
Nokia expects to recognize revenue related to the agreement starting January 2024, and the company said the deal is consistent with its long-term outlook disclosed in the first quarter.
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