Apple has agreed to pay royalties for a series of Nokia-owned patents, ending a two-year legal fight between the companies.

Under the terms of the agreement, both companies will drop their claims and counterclaims, while Apple will pay an undisclosed one-of sum, along with regular ongoing royalties.

Nokia CEO Stephen Elop said he was pleased to see Apple among the growing number of Nokia licensees.

"This settlement demonstrates Nokia's industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market," said Elop.

In all fairness, it is probably a good idea to turn into patent troll when you can’t make a decent phone.