What's Going On With Nokia Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Nokia Corp (NOK) stock gained after signing a new patent cross-license deal with Apple Inc (AAPL). The terms of the agreement remain confidential. The new agreement will replace the current license expiring at the end of 2023. Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024.
July 03, 2023 | 9:21 am
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POSITIVE IMPACT
Nokia's new patent cross-license deal with Apple is expected to boost its revenues from January 2024.
The new patent cross-license deal with Apple is a positive development for Nokia. It is expected to provide a new revenue stream starting from January 2024, which could positively impact the company's financial performance and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple's new patent cross-license deal with Nokia is not expected to have a significant impact on its stock price.
While the new patent cross-license deal with Nokia is a positive development for Apple, it is not expected to have a significant impact on the company's stock price given Apple's size and diverse revenue streams.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 50