Nokia makes money off NAVTEQ

When Nokia bought up NAVTEQ, quite a few pundits were left scratching their heads about what this move brings. Even more surprising, Nokia now uses this technology for all Windows Phone 8 handsets…which also includes HTC.

Engadget now brings us the following bit of news from a higher Nokia manager:

Hellmis declined to shed any light on the deal that saw Nokia including its latest and greatest mapping technology into Microsoft’s latest mobile OS, but this non-response should give you a pretty good idea: “We are a licensing business and there are traditional economics.”

The really interesting question is whether Microsoft or HTC foots the bill – either way, the situation looks interesting…

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