$1,000,000,000 for Windows Phone 7

So, now we know what it costs to make Nokia go with Windows Phone 7 over Android. Sounds like Nokia got a pretty good deal; we will see whether it is good for Microsoft. At the least, it demonstrates a pretty significant commitment on Microsoft's part to try and make WP7 competitive, as opposed to the Kin...

Amplify’d from windowsphonesecrets.com

According to Bloomberg, Microsoft is paying Nokia $1 billion to adopt Windows Phone.

Microsoft Corp. will pay Nokia Oyj more than $1 billion to promote and develop Windows-based handsets as part of their smartphone software agreement, according to two people with knowledge of the terms.

Nokia will pay Microsoft a fee for each copy of Windows used in its phones, costs that will be offset as Nokia curtails its own budget for software research and development, said one of the people, who declined to be identified because the final contract hasn’t yet been signed. The agreement runs for more than five years, the people said.

A spokeswoman for Nokia said the final contract hasn’t been signed and the company will share further details when they are complete.

The agreement also has Microsoft paying Nokia for the right to use its patent portfolio, one of the people said. Read more at windowsphonesecrets.com

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