Apple vs Nokia: Verdict Reached

This is a case that dates back to 2011...when Nokia was *slightly* relevant in the smartphone industry. Now the deal is expiring at the end of 2016. 

Background

Apple and Nokia reached a settlement and royalty agreement in order to end their patent disputes.
This was after Nokia filed a suit in 2009 against Apple for 10 patent infringements. 
Likely, Apple decided this would be the best outcome to avoid future litigation. Moreover, Nokia would benefit because it's products were not doing well and this would guarantee some sort of revenue stream. 

Terms of Agreement (note: these are estimates due to terms not being released)

1. Lump-sum payment from $500 million to $1 Billion (estimates)

2. Royalty per iPhone: $8 (~1% estimated)

3. 5 Year Deal

Interesting facts:

Nokia has said it invested more than 43 billion euros ($62 billion) to develop its patent archive.

Nokia wants to focus on litigation with Android manufacturers and Google

Quotes from 2011:

Independent Patent Specialist, Floiran Mueller commented: "Maybe Nokia could have continued to play hardball and got an even better deal if it didn't face the challenges it undoubtedly has. But this looks like a fairly important victory"

Ramon Llamas from IDC: "Nokia has just provided the overall smartphone market with a gift: it's exposed itself and its vulnerabilities to everyone else. Lots of vendors are going to be able to turn up the heat"

Hence, the debate rages on whether this was a good or bad deal for Nokia. It's important to remember that Nokia was later sold to Microsoft. Presumably, Microsoft is receiving the royalties from Apple now. Moreover, both their Google and this deal is helping their bottomline. 

Where is the deal now?

It will be expiring in December 2016. It's uncertain right now if it will be going back to litigation. Likely, some of the patents have expired in the past few years and others are not being violated by Apple. Hence, it will be interesting to see how this patent war plays out. It was thought to be over, but clearly it is not. 
My Estimate of the revenues from this deal: 820 million total - 320 (before 2012) ~ 500 million * 10 = $5 billion

Source:

https://www.theguardian.com/technology/2011/jun/14/apple-nokia-patent-case

http://www.idownloadblog.com/2014/01/13/apple-nokia-patent-deal-expires-dec-31-2016/http://www.macrumors.com/2011/06/14/apples-royalty-payments-to-nokia-estimated/