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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
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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