Edible Apple

Earlier today we reportedthat Nokia launched a lawsuit against Apple claiming that the iPhone, since the first iteration, has been infringing upon a number of Nokia patents relating to technologies that make devices compatible with wireless LAN standards.

In a note to investors today, Piper Jaffray analyst Gene Munster writes that Nokia is looking to collect a 1%-2% patent royalty for each iPhone sold, which translates to $6-$12 per device.  Munster writes that Apple iPhone sales thus far come it at around 34 million units, a figure which would have Nokia demanding anywhere between $200 and $400 million from Apple.  Munster, however, notes that the $12 figure is unlikely.

Either way, that kind of cash is chump change to both Apple and Nokia, which will make Apple’s response to the suit pretty intriguing.

Lastly, Silicon Alley Insider writesthat Nokia has been talking to Apple about this patent dispute for over a year now.