Apple Begins Paying $2 Billion in Cash to Nokia as Part of Lawsuit Settlement

Nokia disclosed its financial results for the second quarter of 2017 this week, and within the results the company mentioned that it received an "up-front cash payment" of approximately €1.7 billion ($2 billion), part of which was said to be recognized during the Q2 2017 results. Nokiamob then reached out to Nokia, and the company confirmed that the cash payment came from Apple. The payment is part of a settlement agreement reached between Apple and Nokia in May of this year, regarding a lawsu...