Apple's Samsung Win Slams Asian Phone Makers
August 27, 2012
Samsung wasn’t the only Asian smartphone maker to suffer through a Black Monday.
In Hong Kong, for instance, the share price of ZTE, the largest publicly traded maker of smartphones in China, fell 7.1 percent. In Taiwan, the shares of Samsung rival HTC, already beaten down 47 percent this year after enduring patent battles of its own against Apple, fell another 2 percent. “In general, it seems the Android camp is losing the patent wars,” says Dennis Chan, an analyst in Taipei with Yuanta Securities. But for some Chinese phone makers, there may be short-term opportunity in the ruling, as well.
Apple's Samsung Win Slams Asian Phone Makers