Money talks – and it is proven yet again, as it was revealed in the latest quarterly financial report from Finnish phone manufacturer Nokia that software giant Microsoft had actually forked out a cool $250 million to them, and in return, Nokia would have to churn out Windows Phone-powered smartphones. That is not too shabby a deal, and considering how Nokia’s Lumia 800 and Lumia 710 did impress many people when it first came out, not to mention how the Nokia Lumia 900 (or 910, depending on whether rumors are your thing or not) looks set to hit the worldwide market soon.
Nokia qualified Microsoft’s $250 million payment as a “platform support payment”, and carefully noted down that this is the first from a series of payments made by Microsoft. According to Nokia, “Our broad strategic agreement with Microsoft includes platform support payments from Microsoft to us as well as software royalty payments from us to Microsoft. We have a competitive software royalty structure, which includes minimum software royalty commitments.” Would you be lining up for a new Windows Phone-powered Nokia handset in the future?
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