Shares in HTC Corp. slipped by around 6.5 per cent on Monday in Taipei trading as the Asia’s second-biggest smartphone maker is trying to limit the decline with measures like share buy back.

As of 9:43 a. m. local time, shares in HTC dropped to NT$870. Late last week, HTC stock declined to a six-month low of NT$848-a-share, the lowest since January 14. The Taiex index suffered a loss of 0.8 per cent.

HTC stock has fallen as much as 11 per cent since Apple filed its second patent infringement complaint against the Taiwanese firm on July 11.

The U. S. International Trade Commission (ITC) recently ruled that the Taiwanese firm had infringed on Cupertino, Calif.-based gadget make Apple’s two patents, giving a big jolt to HTC stock.

Speaking on the topic, Daniel Chang, an analyst at Macquarie Group Ltd, said, “We expect HTC’s share price to be volatile in the next 12 to 18 months due to these lawsuits.”

In order to support its dwindling stock, HTC recently announced that would buy back around 20 million, or 2.4 per cent, of its own shares by September 17. 50 per cent of the repurchased shares will be transferred to the employees, while remaining shares will be canceled.