Apple 'Working Desperately' To Overcome Watch Import Ban With Software Redesign, Aiming For January Launch: Report
Portfolio Pulse from Benzinga Neuro
Apple Inc. is attempting to bypass a ban on its Apple Watch Series 9 and Ultra 2 models by developing new software to address patent infringement issues with Masimo Corp. The ITC had imposed the ban, which Apple is appealing, and the new software has been submitted to U.S. customs for approval, potentially allowing sales to resume as early as January 12. Apple has also obtained a provisional stay, allowing sales at U.S. retail stores and online.
December 29, 2023 | 4:43 am
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NEUTRAL IMPACT
Masimo Corp is involved in a patent infringement case with Apple, which has led to a ban on the import of Apple Watch Series 9 and Ultra 2 models. Apple is appealing the decision and has developed new software to circumvent the ban, which could affect the outcome of the case and Masimo's interests.
The impact on Masimo Corp's stock is uncertain as it depends on the outcome of the appeal and the effectiveness of Apple's new software in avoiding patent infringement. If Apple's workaround is successful and the ban is lifted, it could potentially diminish the impact of Masimo's patent claims. However, if the ban is upheld, it could reinforce the strength of Masimo's patents, potentially benefiting MASI in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple is working on a software redesign to overcome an import ban on certain Apple Watch models due to a patent infringement case with Masimo Corp. The company is appealing the ITC decision and has submitted the new software to U.S. customs, potentially allowing sales to resume by January 12.
The news of a potential workaround to the import ban and the resumption of sales could be seen positively by investors, as it shows Apple's proactive approach to resolving the issue. The provisional stay and the possibility of sales resuming soon may mitigate the negative impact of the initial ban, potentially leading to a short-term positive impact on AAPL's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90