/// After Getting Hundreds of Millions of Dollars from Microsoft, Nokia to Start Paying Redmond

January 24, 2013  |  All Things Digital


There was a doozy of a footnote in Nokia’s earnings report on Thursday. Since signing its deal to go with Windows Phone, Nokia has been getting $250 million in “platform support payments” from Microsoft. Nokia also pays Microsoft an unspecified amount of royalties for using Windows Phone. It varies based on the amount of phones Nokia ships and there are also minimum commitments. The interesting part is that Nokia says that, after initially getting more from Microsoft than it pays, Nokia is essentially now going to have to start paying more to Redmond than it gets. “Over the life of the agreement the total amount of the platform support payments is expected to slightly exceed the total amount of the minimum software royalty commitment payments,” Nokia said

Originally posted here:
After Getting Hundreds of Millions of Dollars from Microsoft, Nokia to Start Paying Redmond


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