All Told, Nokia Owes $650M More To Microsoft In Their Long-Term Platform Deal, Says Nokia


TechCrunch

Nokia today filed its 20-F financial report for the last fiscal year, in which it reiterated its projections for the next year ahead on device sales and margins for both devices and services, as well as for its Nokia Siemens Networks division. Perhaps more interestingly, it also spelled out some more detail on how much Nokia stands to gain this year in its Microsoft partnership to develop Lumia devices based on Windows Phone, Redmond’s flagship mobile operating system, but pay out more overall.

It notes that the remaining minimum software royalty commitment payments from Nokia to Microsoft are expected to exceed the remaining platform support payments from Microsoft to Nokia by a total of approximately €500 million over the remaining life of the agreement. At the same time, though in 2013 Microsoft will be the net gainer with its platform support payments from Microsoft to Nokia will slightly exceed those…

View original post 487 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: