Nokia and Apple Strike Long-Term 5G License Deal

Nokia and Apple Strike Long-Term 5G License Deal

While Nokia was once a dominant force in the mobile phone industry, its market position declined with the rise of iOS and Android ecosystems. Despite manufacturing noteworthy phones, Nokia’s market share is considerably smaller today compared to its heyday in the 2000s when iconic models like the Nokia 3310 sold over 120 million units. Nevertheless, Nokia’s patent portfolio and focus on emerging technologies like 5G position the company for continued relevance and collaboration with industry leaders like Apple.