'Apple To Pull Apple Watch Series 9 And Ultra 2 This Week Due To ITC Ban/ It All Revolves Around A Patent Battle With Medical Device Maker Masimo Over The SpO2 Sensor' - TheVerge
Portfolio Pulse from Happy Mohamed
Apple Inc. is set to halt sales of the Apple Watch Series 9 and Ultra 2 in the U.S. due to an ITC import ban effective after December 21st, stemming from a patent dispute with Masimo over the SpO2 sensor. The ban is under presidential review, with a decision due by December 25th. Apple disagrees with the order and is exploring legal and technical options to keep the products available to U.S. customers.
December 18, 2023 | 2:56 pm
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NEGATIVE IMPACT
Apple Inc. faces a sales halt of its Apple Watch Series 9 and Ultra 2 in the U.S. due to a patent dispute with Masimo, potentially affecting its revenue and stock price in the short term.
The halt of sales for the Apple Watch Series 9 and Ultra 2 in the U.S. market could lead to a negative short-term impact on Apple's revenue from these products, which may in turn affect investor sentiment and the stock price. However, the impact may be mitigated if Apple successfully navigates legal avenues or if the presidential review results in a veto of the ban.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100