AAPL Tumbles After Halting Watch Sales In The US | ZeroHedge

After taking a late-Friday punch in the face from China – which reportedly announced a more widespread ban on iPhones across government and local state employees – Tim Cook and his pal in Palo Alto just got hit again as 9to5Mac reports that  Apple today said it will be pausing sales of the Apple Watch Series 9 and Apple Watch Ultra 2 in the U.S. later this week due to an ongoing patent dispute with medical tech company Masimo related to blood oxygen sensing.

Apple's full statement:

That has sent AAPL shares almost 2% lower…

In October, the ITC ordered a ban on some Apple Watch imports into the U.S. after finding that Apple violated Masimo's patents related to non-invasive blood oxygen sensing, also known as pulse oximetry.

U.S. President Joe Biden has until December 25 to review the order, but presidential vetos of ITC import bans have historically been rare.

Apple added that it "strongly disagrees" with the order and is "pursuing a range of legal and technical options" to ensure that availability of the Series 9 and Ultra 2 resumes in the U.S> as soon as possible.

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