Faced with growing inventory due to sluggish sales, the makers of tablets competing with Apple's iPad are said to continue to cut prices in order to reduce losses, potentially sparking an industry-wide price war, according to a new report.
After teasing a "major news announcement" for the company, HTC CEO Peter Chou revealed that it has acquired a $300 million majority stake in audio technology company Beats Electronics, with the first HTC product to implement Beats technology due out later this year.
HTC Chief Executive Peter Chou attempted to calm investors on Friday by calling a recent ruling from the International Trade Commission, which found the Taiwanese handset maker guilty of infringing on two of Apple's patents, a mere "distraction" that will not affect his company's business.
On the heels of news that Microsoft's "Mango" update for Windows Phone 7 has been released to manufacturing, industry sources claim HTC, Samsung and LG will launch the first Mango-based smartphones in September, presumably coordinated to directly compete with Apple's next-generation iPhone.
A US International Trade Commission judge has ruled that two patents held by S3 are being infringed by some of Apple's Mac computers, but invalidated two other patents and stated that Apple's iOS devices are not infringing any of the S3 patents.
Google executive Eric Schmidt has said his company will support HTC in its legal battle with Apple, and accused the company — where he was once a board member — for "responding with lawsuits" rather than innovating.
The U.S. International Trade Commission's preliminary ruling in favor of Apple over rival HTC has caused concern for some Chinese handset makers who build Android-powered devices, prompting them to consider embracing Microsoft's next version of Windows Phone 7, dubbed "Mango."
After negotiations for a buyout collapsed over the weekend, Borders is nearing liquidation. Also, China Unicom executives will soon travel to the U.S. to negotiate with Apple to bring the 3G iPad 2 to China.
An examination of the two patents the U.S. International Trade Commission found handset maker HTC infringed upon in an initial ruling on Friday has revealed that the patent claims in question may apply to "every Android device out there."
Responding to the latest legal challenge from Apple, people speaking for handset maker HTC on Tuesday said they are "disappointed" that Apple is suing its competitors "instead of competing fairly in the market."