Apple Wins Temporary Reprieve in Watch Import Ban Over Masimo's Pulse Oximetry Patent Row
Portfolio Pulse from Vandana Singh
A U.S. appeals court has temporarily halted the import ban on certain Apple Inc smartwatches amid a patent dispute with Masimo Corporation. The ban, which was due to Apple's alleged theft of pulse oximetry technology, affects Apple Watches with blood-oxygen level reading technology. Apple has paused sales of its Series 9 and Ultra 2 smartwatches in the U.S., but they are still available through retailers like Amazon, Best Buy, Costco, and Walmart. The Apple Watch SE is not affected by the ban. Legal battles continue, with a mistrial in California and a separate lawsuit filed by Apple in Delaware. Apple's stock saw a slight decline of 0.18% to $192.70.
December 27, 2023 | 5:37 pm
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NEGATIVE IMPACT
Masimo Corporation's ongoing patent dispute with Apple faces a setback with the temporary halt of the import ban, potentially affecting its legal strategy.
The delay in enforcing the import ban could be seen as a negative development for Masimo's legal position, possibly impacting MASI's stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Amazon continues to sell Apple's smartwatches unaffected by the import ban, maintaining its product offerings.
Amazon's ability to continue selling Apple's smartwatches is not directly impacted by the court's decision, suggesting a neutral impact on AMZN's stock.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Best Buy remains a retailer for Apple's smartwatches, with the temporary halt on the import ban not affecting its sales.
Best Buy's operations and stock are likely to remain neutral in the short term as the retailer is not directly affected by the temporary halt on the import ban.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Costco Wholesale Corporation's sales of Apple's smartwatches continue uninterrupted despite the legal dispute between Apple and Masimo.
As Costco is not directly impacted by the court's decision to temporarily halt the import ban, its stock is expected to have a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Walmart Inc continues its sales of Apple smartwatches, with no immediate impact from the temporary halt of the import ban.
Walmart's stock is not expected to be affected in the short term by the temporary halt on the import ban, as it continues to sell the smartwatches.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Apple Inc received a temporary halt on the import ban of its smartwatches, which may alleviate immediate sales impact and legal pressure.
The temporary reprieve may prevent a potential drop in sales and revenue from the import ban, likely resulting in a positive short-term impact on AAPL's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100