According to AppleInsider, the Finnish phone manufacturer Nokia makes more money licensing its patents to the Cupertino firm Apple in devices like the iPhone 4S compared to the revenues generated by Nokia’s Lumia range.
The Finnish firm has recently announced its earnings for the first quarter of the year and the news doesn’t look good for Nokia. The company suffered a loss, despite recently launching its high-end Windows Phone-powered handset the Lumia 900. Other handsets such as the Lumia 800 and the Lumia 710 seem to be struggling in making a significant impact on the market.
Despite the disappointing sales performance of Nokia’s Lumia range, there is still hope for the company. AppleInsider’s source reveals that Nokia has made about £370 million in royalties from the Cupertino firm. With Nokia-owned patents licensed to Apple to be used in a number of iOS-powered devices, Nokia has a chance to make up for the revenues it has lost to its more popular rivals.
Nokia has a lot riding on its Lumia handsets. It hopes the Lumia 900 will do well in the high-end market, and it hopes the Lumia 610 will do well in the entry-level market. It is also hoping the release of Windows Phone 8 (Apollo) will rescue it from the brink of catastrophe.
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