Apple cries ‘uncle’ and settles Nokia lawsuit out of court

Nokia has been battling Apple for more than a year and a half over 46 patents that the iPhone allegedly violated. Sami Sarkamies of the Nordea Bank AB in Helsinki issued a statement to clients that said "Nokia emerges as a clear winner from the fight."
This a big win for Nokia who is transitioning its product line from its own Symbian operating system to Microsoft’s Windows Phone 7 operating system.  Their transition is a gutsy move, as Windows Phone 7 devices are toward the bottom percentages of sales as compared to Apple’s iOS and Google’s Android devices.
Apple is paying an undisclosed lump sum of cash estimated to be in the hundreds of millions of dollars.  In addition to that, they are now licensing those patents from Nokia for all future devices.
Apple is playing down the settlement by saying they may be licensing some technology and patents, but their own intellectual property is what makes Apple’s products unique.