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Apple, Ericsson Settle Patent Dispute

Apple will pay Ericsson a small portion of its iPhone and iPad revenue.

The Verge

Apple and the mobile telecom giant Ericsson have agreed on a patent license deal that will find the world’s largest company paying out a small portion of its iPhone revenue to the Swedish company.

Ericsson did not announce how much it stands to make from the seven-year deal, but an estimate by investment bank ABG Sundal Collier pointed out by Reuters has Apple paying out 0.5 percent of its iPad and iPhone revenue. The dispute has been going on since 2012.

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This article originally appeared on Recode.net.