Masimo shares are trading lower following a report suggesting that the U.S. Appeals Court paused the Apple Watch import ban.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corp's stock (MASI) is trading lower after a U.S. Appeals Court halted the import ban on the Apple Watch. The ban was related to a patent dispute between Masimo and Apple, where Masimo claimed that Apple infringed on its pulse oximetry patents with the Apple Watch's blood oxygen monitoring feature. The pause on the import ban allows Apple to continue importing and selling its watches while the court case is ongoing.
December 27, 2023 | 4:43 pm
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NEGATIVE IMPACT
Masimo Corp's shares are experiencing a downturn due to the U.S. Appeals Court decision to stay the import ban on the Apple Watch, which competes with Masimo's pulse oximetry technology.
The decision by the U.S. Appeals Court to pause the import ban on the Apple Watch negatively impacts Masimo's position in its patent dispute with Apple. This could potentially delay or reduce any favorable outcomes for Masimo, which investors may view as a setback, thus driving the stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100