Apple Ceases Sales Of Series 9, Ultra 2 Watches In The US, Won't Repair 'Out-Of-Warranty' Models Anymore
Portfolio Pulse from Ananya Gairola
Apple Inc. (AAPL) has ceased sales and will no longer repair out-of-warranty Series 9 and Ultra 2 Apple Watches in the US due to a patent dispute with Masimo Corp. (MISO). The ITC rejected Apple's efforts to defer an import ban, which could lead to a potential loss of up to $400 million for Apple. The ban remains until a resolution is reached with Masimo, government intervention occurs, or Apple solves the issue, possibly through a software update.
December 22, 2023 | 2:15 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Masimo Corp. is involved in a patent dispute with Apple, which has led to an ITC import ban on certain Apple Watch models.
Masimo's role in the patent dispute has resulted in an import ban on competing products from Apple, which could be seen as a competitive advantage for Masimo in the short term. However, the outcome of the dispute and potential for a settlement or licensing agreement remains uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Apple has stopped sales and repairs of certain Apple Watch models in the US due to a patent dispute, potentially leading to a $400 million loss.
The cessation of sales and repairs of popular Apple Watch models due to a legal dispute is likely to negatively impact Apple's revenue and customer satisfaction in the short term. The potential $400 million loss estimated by analysts underscores the financial significance of this issue.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100