Nokia still owes Microsoft $650M in Windows Phone fees
Nokia still has to pay Microsoft 500 million euros ($650 million) as part of its agreement to use the Windows Phone operating system.
That's the amount that Nokia will have to pay over the life of their agreement after taking into account the "platform support payments" that Microsoft pays to aid in the development of Windows Phone products. The length of the agreement wasn't disclosed in the company's annual report filed with the Securities and Exchange Commission.
Curiously, Nokia has yet to take a real financial hit from the licensing fees it is required to … Read more
