'They Haven't Called': Masimo CEO Awaits Apple's Move In Watch Patent Infringement Dispute
Portfolio Pulse from Ananya Gairola
Masimo Corp. CEO Joe Kiani is open to settling the patent infringement dispute with Apple Inc. over the Apple Watch Ultra 2 and Series 9, but Apple has not initiated settlement talks. The ITC ruled that Apple Watch violated two Masimo patents, leading to a potential import ban on these models effective Dec. 25, though third-party resellers can continue sales. Apple plans to appeal the ruling and is preparing for the ban by removing affected devices from its stores starting Christmas Eve. The White House is monitoring the situation, and Apple's suspension of smartwatch sales could cost up to $400 million.
December 20, 2023 | 6:34 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apple Inc. faces a potential import ban on certain Apple Watch models after an ITC ruling found patent infringements. Apple is set to appeal and is preparing for the ban's impact.
The potential import ban and the need to remove affected Apple Watch models from stores could negatively impact Apple's revenue and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Masimo Corp. is involved in a patent infringement dispute with Apple, which could lead to a settlement or continued legal battles. The ITC ruling in favor of Masimo may strengthen its position.
The ITC ruling in favor of Masimo could potentially lead to a favorable settlement or strengthen its market position, which may positively impact its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80