Nokia earns billions through Nokia-brand licensing with HMD and Apple
Nokia exited handset manufacturing when Microsoft bought its Devices and Services unit in 2014, but the company still collects royalties for Nokia-branded phones made by HMD under a 10-year exclusive deal. Nokia Technologies reported $2.2B net sales in 2024, up 78% on new licensing and catch-up payments, including a long-term Apple patent license effective January 2024.