Apple to Pay Ericsson 0.5% of iPhone and iPad Revenue

Apple has signed a deal agreeing to pay Ericsson about 0.5% of its revenue on iPhones and iPads sold, reports Reuters.Ericsson’s technology that helps smartphones and tablets connect to mobile networks was previously licensed for use by Apple; however, the license expired two years ago and negotiations failed to bring about a new deal. Ericsson filed a lawsuit against Apple in January.The two companies have now reached a deal. Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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