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HTC Delays US Launch Of New Smartphone Due To Customs Review

TAIPEI -(Dow Jones)- HTC Corp. (2498.TW) said Wednesday the launch of a new smartphone in the U.S. will be delayed, due to a customs review required after the International Trade Commission ruled late last year that the Taiwanese handset maker has violated a patent held by Apple Inc. (AAPL) The delay, if prolonged, could be another blow to HTC, which had forecast declines in revenue and profit margins in the second quarter, as the global smartphone market is getting more competitive and is increasing dominated by Apple and Samsung Electronics Co. In an ITC ruling on Dec. 19, the U.S. trade body issued a "limited exclusion order", which became effective April 19, prohibiting the import of HTC phones which carry the technology that it ruled as having infringed an Apple's patent. HTC said: "We believe we have worked around our design and is now in compliance with the ITC ruling, we are cooperating with the U.S. Customs to speed up the review process." HTC added it doesn't know how long the review will take and how shipments will be affected. As shipments are held up by the customs for review, HTC's EVO 4G LTE phones, which will be offered by U.S. operator Sprint, won't hit the shelves on Friday as originally planned. HTC said there may be a shortage in the U.S. in the future for the One series, which have been offered by AT&T Inc. since early April. It said some shipments reached the U.S. ahead of April 19 and were already sold, but any prolonged customs review may deplete its inventories in the U.S. and disrupt future sales. -By Aries Poon, Dow Jones Newswires; 886-2-25022557; [email protected]

Stock News for Apple (AAPL)
DateTimeHeadline
01/21/201703:02:00Apple Sues Qualcomm Over Chips -- WSJ
01/20/201720:31:00Apple Sues Qualcomm Over Licensing Practices -- 2nd Update
01/20/201718:53:00Apple Sues Qualcomm Over Licensing Practices -- Update
01/20/201716:11:00Apple Sues Qualcomm Over Licensing Practices
01/19/201718:34:15Statement of Changes in Beneficial Ownership (4)
01/19/201718:32:45Statement of Changes in Beneficial Ownership (4)
01/19/201717:29:35Amended Statement of Ownership (sc 13g/a)
01/19/201714:07:00Amazon, Apple End Exclusivity Deals for Audiobooks -- 3rd Update
01/19/201712:11:00Amazon, Apple End Exclusivity Deals for Audiobooks -- 2nd Update
01/19/201708:36:00EU Says Amazon, Apple End Exclusivity Obligations for Audiobooks...
01/18/201713:00:00GarageBand and Logic Pro X Music Apps Get Major Updates
01/18/201705:54:00India Is Keen for Apple to Manufacture in India, IT Minister...
01/18/201703:03:00FTC Files Lawsuit Against Qualcomm -- WSJ
01/17/201719:41:00Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm...
01/13/201703:02:00Apple Sets Its Sights On Films, Television -- WSJ
01/12/201720:52:00Pandora Cuts Jobs, Projects Strong Fourth Quarter -- 2nd Update
01/12/201705:59:00Apple Sets Its Sights on Hollywood With Plans for Original Content
01/12/201703:03:00Smartphones Turn to Software Advances -- WSJ
01/11/201708:29:00The Next Big Thing in Smartphones? The Software
01/10/201718:31:29Statement of Changes in Beneficial Ownership (4)

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