It has been recently revealed that IPCom Patent firm has asked the cell phone retailers from Germany to halt the sale of HTC phones for the present. They have further threatened them for legal action if their needs are not fulfilled.
This is being done because HTC apparently hasn’t complied with the court ruling that had details on the injunction of the sales. The other action taken by IPCom was that it went to the Mannheim court, so that a fine can be imposed on HTC for not abiding by the necessary rules from the year 2009.
There is an impending fine of millions of Euros that the firm might have to pay in the time to come. This shall not only make for the financial losses for the firm, but also result in damaging the goodwill and the standing of the firm in the global markets.
HTC for now is at an increasing risk and it is essential for now to solve these legal battles as soon as possible because the cut throat competition in the market is ruthless and would excuse the firm for being entangled in other issues and might soon result in losses for the firm.
HTC is already dealing with falling sales needs to hold on firmly to its basics so that it can make a comeback in the time that follows.
There are also claims made by Apple against HTC and they need to be dealt with care so that they don’t damage their finances as well as their image as a brand further.
Market competition as well as the macroeconomic downturn in the world has already rendered an unstable position to the firm, and they need to make sure that the situation doesn’t worsen further.