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SEC Asked Apple for Information on Nokia Patent Settlement

The U.S. Securities and Exchange Commission asked Apple Inc.’s Chief Financial Officer Peter Oppenheimer for information on the financial terms of a patent litigation settlement with Nokia Oyj.

The SEC requested details of the settlement agreement including any amounts accrued, the periods in which they were recognized and the timeline of negotiations in a June 28 letter to the company released in a regulatory filing today. Apple said “no aspects of the company’s discussions with Nokia were material to the company’s consolidated financial statements” in a July 12 letter to the SEC released in a separate filing today.