Nokia patent sales forecast from Samsung deal hits shares


BMW, Audi and Mercedes will pay around €2.5bil (RM11.43bil) to buy Nokia's navigation business,

HELSINKI: Nokia said it had settled a lengthy patent dispute with South Korea's Samsung on Feb 1, but investors were disappointed by the financial terms of the deal. 

Nokia's shares fell 10% after the Finnish firm said the Samsung deal would lift patent unit Nokia Technologies' sales to around €1.02bil (RM4.60bil) in 2015, including catch-up payments, from €578mil (RM2.60bil) in 2014. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Musk's Neuralink registers brain implant study on US government database
Polish game developer CD Projekt posts 44% first-quarter profit jump
Cryptoverse: Miners trudge through post-halving world
Riot Platforms proposes to buy crypto miner Bitfarms, becomes largest shareholder
T-Mobile to buy US Cellular's wireless operations in $4.4 billion deal
Meme stock GameStop climbs after raising $933 million in share sales
EU monitoring new measures by Meta to tackle election disinformation
Klarna using GenAI to cut marketing costs by $10 million annually
OpenAI sets up safety committee as it starts training new model
Google, Amazon, Apple lobby group opposes India's EU-like antitrust proposal

Others Also Read