On the 7th of December, HTC Corp. reported its lowest net profit in 8 years as its devices continued to lose with smartphones produced by Apple Inc. and Samsung Electronics Co. A lack of new models certainly affected the financial results of the Taiwanese smartphone producer which saw its fourth quarter profit drop approximately 91 percent.
Shares of HTC Corp. sparked on 12th of November by the daily permitted limit after the HTC patent settlement and the 10 year licensing HTC-Apple agreement thereby allowing the company to focus its attention on the development of its products. The HTC patent settlement will definitely help the struggling Taiwanese smartphone maker to revive the status of the company in the global smartphone market.
A global patent settlement was announced by HTC Corp. and the Apple Inc. on the 10th of November along with a licensing contract thereby putting an end to one of the main battles in the wars for the smartphone patents.
Two new smartphone models running Windows Phone 8 software from Microsoft Corp. were unveiled by HTC Corp. on Wednesday. The company confirmed that the new HTC Windows Phone smartphones would be made available for purchase in the market in the month of November via numerous wireless service providers throughout the globe.
The share rates of HTC, the smart phone maker from Taiwan, have fallen by as much as 4% as the reports released on Monday state. The founders of the audio technology firm called Beats Electronics have raised concerns over the strategy of HTC, by means of which they have sold half of their holding back to the audio firm Beats.