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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About Kamal

Blogging is my major hobby. Huge Nokia fan and have been using mostly Nokia phones since my first one. Hope you have a great reading time on this blog!! Be in touch @nokiapoweruser on Twitter.

One comment

  1. jeff

    It’s about time they start suing others that take their technology. Fosspatents shows an upcoming trail that between Nokia and android for tethering. Looks like this could mean 100’s of millions in royalties for Nokia.

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