HTC shares jump after settles patent issues with Apple

Nov 12 2012, 10:41 IST
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Shares of HTC Corp jumped by their permitted daily limit on Monday after the Taiwanese smartphone maker announced a global patent settlement and 10-year licensing agreement with Apple Inc.  (Reuters) Shares of HTC Corp jumped by their permitted daily limit on Monday after the Taiwanese smartphone maker announced a global patent settlement and 10-year licensing agreement with Apple Inc. (Reuters)
SummaryShares of HTC Corp jumped by their permitted daily limit on Monday after the Taiwanese smartphone maker announced a global patent settlement and 10-year licensing agreement with Apple Inc.

phone, and on the $5-6 dollar that Android phone makers are believed to pay Microsoft after a separate lawsuit last year.

However, some analysts warn that HTC's other challenges outweigh the settlement. Its phones have lost a lot of their appeal among consumers as Apple's iPhones and Samsung's Galaxy series dominate shopping lists, drawing parallels with the decline of Finland's Nokia , once one of the dominant mobile phone players.

Nokia settled with Apple in 2011 by winning royalties from Apple, but it did not change the landscape at all for smartphone competition. Samsung continued to win market share despite the losses to Apple, wrote Barclays analyst Dale Gai in a research note.

ďWe believe the lawsuits remain non-events in terms of HTC's fundamentals. HTC's challenges remain and could get worse into 2013 from more competition.Ē

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