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Apple to Stop Watch imports Dec. 26

Plans to comply with Masimo victory

Apple Inc., the world’s most valuable publicly traded company (Nasdaq: AAPL), said it will stop importing certain watches on Dec. 26 to comply with a patent dispute involving  Irvine-base Masimo Corp. (Nasdaq: MASI).

The U.S. International Trade Commission in October ruled that Apple watches violated an oximetry patent owned by Masimo. The ban would include the Apple Watch Series 9 and Apple Watch Ultra 2, Apple said.

“Apple strongly disagrees with the order and is pursuing a range of legal and technical options to ensure that Apple Watch is available to customers,” Apple said, according to the Wall Street Journal.

Shares of Masimo rose 4.9% to $117.19 and a $6.2 billion market cap. The shares have climbed 45% since the ruling was announced Oct. 26.

For more information on the dispute, see this week’s print edition of Orange County Business Journal.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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