'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 are exempt. 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 | 6:33 am
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NEGATIVE IMPACT
Apple faces a potential import ban on certain Apple Watch models after an ITC ruling on patent infringement. The company is appealing the decision but is preparing for the ban, which could impact sales and revenue.
The potential import ban and the need to remove affected Apple Watch models from stores could negatively affect Apple's short-term sales and revenue, particularly within its smartwatch segment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Masimo's CEO is willing to settle the patent dispute with Apple, which could lead to a positive resolution for the company. The ITC ruling in favor of Masimo may strengthen its negotiating position.
The ITC ruling in favor of Masimo could lead to a favorable settlement or compensation, potentially benefiting Masimo's financial and market position in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80