HTC Walks Away from Dutch Nokia Case With a Smile
0.0By Reuben Levine April 25, 2013 08:15 PM
Reports are coming in that state that HTC was not actually the target of the recent Dutch lawsuit. They real target was STMicroelectronics, the distributors for the microphone components. HTC will be allowed to continue to burn through their stock of HTC One's that contain the mic tech. After that they'll have to find a new supplier. Even though this originally seemed to be another setback, it's actually just a small ripple in a very large pond.
HTC were found to be innocent in their knowledge of Nokia's exclusive agreement with STMicroelectronics. JPMorgan Securities have stated that they expect to see very little impact on HTC's revenue because of this incident. HTC are reportedly already on the lookout for a new microphone supplier.
Via: Taipei Times
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