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Nokia Renews Patent License Agreement with Apple

FILED - 25 February 2018, Spain, Barcelona: A Nokia logo is pictured at the hosting venue during the "Mobile World Congress". Photo: Andrej Sokolow/Deutsche Presse-Agentur GmbH/dpa
FILED - 25 February 2018, Spain, Barcelona: A Nokia logo is pictured at the hosting venue during the "Mobile World Congress". Photo: Andrej Sokolow/Deutsche Presse-Agentur GmbH/dpa
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Nokia Renews Patent License Agreement with Apple

FILED - 25 February 2018, Spain, Barcelona: A Nokia logo is pictured at the hosting venue during the "Mobile World Congress". Photo: Andrej Sokolow/Deutsche Presse-Agentur GmbH/dpa
FILED - 25 February 2018, Spain, Barcelona: A Nokia logo is pictured at the hosting venue during the "Mobile World Congress". Photo: Andrej Sokolow/Deutsche Presse-Agentur GmbH/dpa

Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023.
The deal, which enables Apple to use the Finnish company’s technology in its products, covers Nokia’s inventions in 5G and other technologies. The terms of the agreement announced late Friday remain confidential.
Nokia expects to recognize revenue related to the agreement starting January 2024, and the company said the deal is consistent with its long-term outlook disclosed in the first quarter.
“The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” Nokia Technologies President Jenni Lukander said in a statement.
The previous license agreement between Apple and Nokia was announced in May 2017.
Nokia said its patent portfolio is built on more than €140 billion ($153 billion) invested in research and development since 2000, and is composed of around 20,000 patent families, including over 5,500 patent families declared essential to 5G.

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Amazon Reveals its First Color Kindle E-reader after Years of Development

Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
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Amazon Reveals its First Color Kindle E-reader after Years of Development

Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights

Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market.

The 'Kindle Colorsoft' carries a $280 price tag that compares with similar devices from other manufacturers available on Amazon in the range of $149 to $330. The Colorsoft relies on LEDs and other technologies to achieve the color display, according to a company statement.

Amazon had tried in prior years to develop color e-readers using eInk -- the technology available in its standard Kindles that requires minimal battery power. The Colorsoft will have a roughly eight-week battery life, compared with up to three months for its latest generation Paperwhite e-reader, Reuters reported.

The Seattle retailer also unveiled a new Paperwhite with a 7-inch screen, measured diagonally, two-tenths of an inch larger than the most recent generation's. It also revealed an updated Kindle Scribe e-reader, which allows users to jot onto the screen with a stylus and convert that into more legible text.

Users' in-book notations can be summarized by artificial intelligence software that can convert pages of notes into bullet points, the company said.

Amazon is still the market leader in e-readers, commanding more than three quarters of the market, by some measures. The devices are built to last for years and the company has said it sells them for close to cost, making money when people purchase books or other reading materials.

The COVID-19 pandemic fueled a surge in e-reader use, as many libraries stayed closed to enforce shelter-in-place policies but still offered wireless downloads of e-books.

Kindles are often put on sale during discount events, such as Prime Day. The Colorsoft will ship to customers on Oct. 30 and the new Scribe will ship on Dec. 4.