HTC Shares Slide as Patent Dispute Delays US Shipments
Shares of Taiwan’s HTC have fallen after US customs officials held up shipments of its new smartphones.
In December, HTC was found guilty of infringing a patent held by Apple and there is a ban on the sale of any HTC phones in the US that use technology involving that patent.
HTC said that it had altered its technology and design, but that the shipments still require inspection.
Its shares dropped 6.6% to close at NT$411 on the Taiwan Stock Exchange.
“The US availability of the HTC One X and HTC EVO 4G LTE has been delayed due to a standard US customs review of shipments that is required after an International Trade Commission exclusion order,” the firm said in a statement.
Last month, it reported that its first quarter net profit had dropped by 70% from a year earlier.
Via BBC News.
- Apple’s market share peaked in China — with 1 in every 4 devices sold being iPhone
- 5G to become the leading technology in Southeast Asia by 2028
- Weavr sets up in Singapore as it aims to simplify embedded finance
- Asia United Bank partners Alipay+ for e-wallet cross-border payments
- Intelligent video will fast-track smart cities of the future, but comes with great responsibility