HTC shares tumble as patent case delays U.S. sales
Friday, May 25, 2012 10:18 PM
Posted by gamefbi
TAIPEI (Reuters) - U.S. sales of two new smartphones from Taiwan's HTC Corp will be delayed due to a patent dispute with Apple Inc, 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 U.S. 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. HTC said in a statement on Wednesday that "the U.S. ...
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