Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

At the end of October this year, Nokia won a patent case against HTC in the UK, after a British judge ruled that the company made an infringement of a Nokia patent for technology used for voice transmission and text messages. This will force HTC to withdraw their One Mini smartphone, which is one of its flagship devices, from the British market.

Nokia has been recently brought some legal actions against HTC, as well as against Samsung, about patent use. The Finnish Information Technology company is also suing HTC in France, Italy, Germany, Japan, the US and the Netherlands in order to protect more than 50 other of its patents.

The fact that HTC One Mini smartphone was in fact quite recently launched in the UK, but it is expected to get a permanent “ban” at this weeks end is quite unfortunate. The good news is there seems to be some light in the end of the tunnel for HTC, because the company has eventually managed to prevent their entire range of One smartphones from getting the same fate despite the fact there was a similar breach of Nokia non-esential patents. After all, the One smartphones make up about 70% of the companys sales in Great Britain and such an outcome would be fatal.

HTC has only 2 days left until December the 6th, which is the deadline to make an appeal against the High Courts decision to delay an injunction pending appeal considering the extent of potential harm to HTC Corp. just ahead of the holiday season. Spokesmen of Nokia said: “Pending the appeal, HTC has undertaken not to ship any more of the infringing products into the UK, except the HTC One, which it may continue to sell until the conclusion of any appeal. If HTC does not success on appeal, the injunction will take effect on all infringing products. Nokia is also claiming financial compensation for the infringement of this patent.”

HTC is obviously quite concerned about their inability to sell the One Mini device during the Christmas period, but they are planning to replace it with another flagship smartphone. This became clear from the announcement of the company: “In the meantime, we are working with our chip suppliers to explore alternative solutions. Rest assured that our award-winning HTC One handset will be available as usual.”

According to Bloomberg, the current stock price of HTC Corp. is 6.77% up. On the other hand, the current stock price of Nokia is 0.61% up, and its one year return rate is 127.63%.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • New Zealand reports trade deficit in JulyNew Zealand reports trade deficit in July New Zealand reported a trade deficit of NZD 0.963 billion in July, which compares with a NZD 1.174 billion shortfall in the same month of 2023.Still, it has been the nation's largest trade gap since January.Total exports surged 14% […]
  • S&P 500 Maintains Current Lineup, Robinhood Stock Falls 6% to $70.37S&P 500 Maintains Current Lineup, Robinhood Stock Falls 6% to $70.37 Key Moments:Robinhood started off this week’s trading with a 6% drop. Recent speculation suggested that Robinhood could be added to the S&P 500. However, Friday saw S&P Dow Jones Indices opt not to adjust the S&P 500 membership during […]
  • Forex Market: EUR/CHF daily forecastForex Market: EUR/CHF daily forecast During Friday’s trading session EUR/CHF traded within the range of 1.2148-1.2158 and closed at 1.2151.At 6:33 GMT today EUR/CHF was gaining 0.03% for the day to trade at 1.2154. The pair touched a daily high at 1.2158 at 6:25 […]
  • Google share price down, to launch YouTube KidsGoogle share price down, to launch YouTube Kids Googles online video streaming service will introduce a new application for children next week that will be compatible with smartphones and tablets.YouTube, which has over 1 billion users, will launch its new service on Monday in the U.S. […]
  • Commodities trading outlook: crude oil futures off multi-month lows, natural gas upCommodities trading outlook: crude oil futures off multi-month lows, natural gas up WTI and Brent futures were slightly higher during midday trade in Europe today, as developments in Ukraine were weighed with US rate hike outlooks. Meanwhile, natural gas futures climbed on warmer than usual US weather.West Texas […]
  • Gold falls on Fed tapering worries as US lawmakers reach budget agreementGold falls on Fed tapering worries as US lawmakers reach budget agreement Gold fell on Thursday on increased bets for a reduction in Feds assets purchases after US lawmakers reached a compromise on a two-year budget accord that would lift the fiscal uncertainty. Assets in the SPDR Gold Trust, the biggest […]