Apple paid $2 billion in cash to settle its most recent patent battle with Nokia.
Neither party revealed the sum when they put their differences aside and entered into a new licensing and business cooperation agreement back in May. But Nokia’s earnings reveal that the Finnish firm received a massive payout to drop its patent lawsuit.
Predicting the future is tough, even for the experts. That’s the only lesson we can learn from looking back at these horribly misguided iPhone predictions that greeted the device at its launch 10 years ago.
Before most people had even wrapped their fingers around Apple’s first-gen smartphone, tech pundits, analysts and competing CEOs were already writing off the iPhone as a disaster similar to Apple’s previous excursions into video game consoles and the like.
Here are just a few of the laughable reactions that greeted the iPhone in 2007.
Former Apple VP Tony Fadell has dispelled the popular rumor that Apple had two rival teams working on different user interfaces for the first prototype iPhone.
Video of two prototype operating system builds for the original iPhone surfaced this week as Apple celebrated the iPhone’s 10th anniversary. One of the UIs proposed adopted the iPod’s click wheel interface and, according to Fadell, it actually worked really well.
There was just one problem: It sucked at making calls.
Microsoft is going through some major turbulence. Today it has announced major layoffs, beginning with 13,000 positions to go immediately, with a total of 18,000 expecting to find themselves out of a job sometime during 2014.
The vast majority of these sackings involve the company’s Nokia division. Microsoft acquired Nokia’s Devices and Services unit back in September 2013 for $7.2 billion. Along with taking ownership of the Finnish firm’s entire smartphone lineup — giving it complete control over both hardware and software– the acquisition saw 25,000 Nokia employees join the Microsoft ranks.
The current Microsoft layoffs means that up to half of the Nokia people will probably leave the company, although it will also likely signal the end for some previous Microsoft employees to allow for incoming Nokia talent.
Most of us couldn’t have been any more excited for the iPhone and iPad. Then again, most of us aren’t the Finnish Prime Minister.
Speaking to Swedish financial newspaper Dagens Industri, Prime Minister Alexander Stubb has accused Apple’s late-founder Steve Jobs of crushing his country’s job market with two innovations that caught Finland completely off-guard.
“We had two pillars we stood on: one was the IT industry, the other one was the paper industry,” Stubb said — noting that both were affected by the arrival of Apple’s smartphone and tablet combo in the mid-2000s.