Text size:

  • Small
  • Normal
  • Large

HTC plunges in Taipei after share price inquiry

What's Down: The Taiwanese phone maker slumped 6.9 per cent following the announcement that the exchange was looking into unusual trading before Sunday’s patent deal with Apple.

The Taiwanese phone maker HTC slumped 6.9 per cent to NT$225 in Taipei yesterday following the announcement that the exchange was looking into unusual trading before Sunday's patent deal with Apple.

Michael Lin, a spokesman for the stock exchange, said the inquiry was standard procedure and "[not] necessarily related to insider trading". He said the disclosure of the Apple settlement would be taken into account.

HTC climbed 6.9 per cent on Friday as 26.7 million shares changed hands, more than double its daily average this year.

On Sunday it was announced that Apple had settled all global lawsuits with HTC, whose smartphones use Google's Android operating system. Apple had accused HTC of copying features that made its iPhone unique.

For its part, HTC claimed Apple had infringed wireless patents. HTC is the maker of the One, Desire and Sensation handsets.

The companies said they had signed a 10-year licensing deal, but declined to provide details.

Shaw Wu, an analyst at Sterne Agee & Leach, suggested in a research report yesterday that Apple would probably receive US$6 to $8 per phone, or $180 million to $280m a year from HTC.

HTC's share of the global smartphone market fell to 5.8 per cent in the second quarter from a peak of 10.7 per cent a year earlier, according to Bloomberg Industries data.

Apple was second with 16.7 per cent. The deal signals a new willingness by the company to resolve patent disputes without resorting to the "thermonuclear war" stance favoured by its late founder Steve Jobs.

Mr Wu said the accord might also serve as a blueprint for Apple to resolve patent disputes with Samsung and Google's Motorola Mobility business.

Back to the top

More articles


Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 Three generations of the Hakimi family tend to their stall Crawford Market in Mumbai. Subhash Sharma for The National

In pictures: Shopper’s delight at Crawford Market in Mumbai

Crawford Market is an old British-style covered market dealing in just about every kind of fresh food and domestic animal imaginable. Later on renamed Mahatma Jotirao Phule, the market remains popular among locals and visitors by its old name, taken from Arthur Crawford who was the first municipal commissioner of the city.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National