Nokia-Apple fight over patents have come to an end. Nokia Corp on Tuesday said it has agreed to settle all patent litigations with iPhone-maker Apple Inc, a move that will bolster the Finnish'''s firm profitability in the second quarter.

"Nokia announced that it has signed a patent licence agreement with Apple," the Finnish cellphone-maker said in a statement.

The agreement will result in the settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.

"We are very pleased to have Apple join the growing number of Nokia licencees. This settlement demonstrates Nokia''s industry leading patent portfolio and enables us to focus on further licencing opportunities in the mobile communications market," Nokia President and CEO Stephen Elop said.
 
In a statement, Apple said, "Apple and Nokia have agreed to drop all of our current lawsuits and enter into a license covering some of each other's patents, but not the majority of the innovation that makes the iPhone unique. We are glad to put this behind us and get back to focusing on our respective businesses."
 
According to that statement, Apple didn't just settle with Nokia. It also struck a cross-licensing agreement. That means Nokia will use some of Apple's technology, too. In other words, Apple didn't lose entirely to Nokia in this case.

Financial details were not disclosed, but Apple will make a one-time payment to Nokia as well royalties for the term of the agreement.
The deal is expected to have a positive financial impact on Nokia''s recently revised outlook for the second quarter of 2011. It will bolster the company''s devices and services unit''s profitability.