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Nokia expects IPR royalty payment of EUR 500 million in 2013. Eyeing every oppurtunity to generate IPR income.

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During the earnings call, Nokia CFO Timo Ihamuotila has revealed in answer to a question that Nokia expects a annual IPR income of EUR 500 million in Devices and services business in year 2013. So, this is a welcome cash inflow for Nokia and testimony to patent portfolio that they have.

Interestingly, CEO Elop says they are watching IPR income opportunities very closely and ready to cash on them,

The IP business for us is obviously very important both from the ability to protect what we’re doing, as well as to ensure people are paying their fair share for inventions they may be taking advantage of. When you see significant shifts that tends to create significant opportunities, and so we are constantly watching where situations where there are shifts, and opportunities for us to take advantage of that. And so we will be watching for that closely.

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Nayan
Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing. Write to him at Email: [email protected]
http://www.nokiapoweruser.com
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