Apple would have paid 600 million euros to LG to take advantage of its patents

Apple is said to be one of the two companies behind the payment made to LG last April of around 668 million euros (890 billion won). A sum received under an agreement to exploit patents held by the South Korean manufacturer.

According to local daily sources The Electric, Apple would be responsible for almost all of this amount, up to 600 million euros. The identity of the other payer remains unknown, as does the nature of the patents and technologies involved.

In April 2021, LG had formalized its withdrawal from the smartphone market, no longer able to fight against its competitors.

A year later, The Elec explained that the manufacturer expected to benefit from its some 20,000 patents in the field of mobile technologies as well as 4G, 5G and Wi-Fi standards. The management of this intellectual property also represented a cost. not negligible.

Apple may have been able to tap into these patents for future mobile products or for its future modem, for example.

Apple is in business on several levels with LG, whose subsidiaries supply it with screens or components for cameras. When abandoning its smartphones, LG also put iPhones and Apple Watches on sale in its many stores.

LG will sell iPhone, iPad, and Apple Watch in its Korean stores

LG will sell iPhone, iPad, and Apple Watch in its Korean stores

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