At last, a victory for Nokia against Apple. The settlement of the long-running and complex patent battle between the two technology giants is a rare piece of good news for the Finnish company - and its shares hauled themselves off the canvas this morning as a result.

Now the patent battle has been sorted. Apple's statement talks of an agreement on "a license covering some of each others' patents, but not the majority of the innovations that make the iPhone unique." But, as Apple is paying royalties to Nokia, it seems clear who is the overall winner.