Investors have started doubting HTC’s future growth as the Taiwanese firm is amidst a lawsuit with Apple Inc. Investors have talked to HTC’s CEO, Peter Chou, over this issue and he has guaranteed them that this lawsuit will not have any effect on the company’s growth.
Chou addressed the company’s investors at an investor conference and seemed confident that this “distraction” with International Trade Commission and Apple Inc. will not affect HTC in any aspect.
Apple recently sued HTC over patent infringements and ITC slammed HTC by issuing a ruling in Apple’s favor. The patents which, according to Apple, were violated by HTC deal with how the phone handles data sent to it from other devices over a network and how a device opens an e-mail.
HTC has recently purchased S3 Graphics with an intent to increase its $300 million net price tag. Chou also stated that HTC was closely following the tablet market and plans to be more competitive by launching new products in near future.
Whatever Chou claims, HTC is currently under a fierce battle with Apple. Some days prior, HTC indicated that it wants to settle its differences with Apple with a series of talks.
Will this lawsuit affect HTC or will this matter be solved out of the court?