Retail in Asia

In Trends

HTC hit as patent case delays US sales

US sales of two new smartphones from Taiwan’s HTC Corporation will be delayed due to a patent dispute with Apple, a fresh blow to the company as it tries to turn around declining sales in what was once its largest market.

Shares in HTC tumbled more than 6 percent after it said shipments of the phones were being held up by US customs officials.

Apple scored a narrow victory against HTC in a patent lawsuit in December over technology in the smartphones, one of many such disputes in the fiercely competitive smartphone market.

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(Source: scmp.com)