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Apple Wins Temporary Reprieve in Masimo Watch Battle

Court permits watch imports to continue; Masimo shares fall

Apple Inc., the world’s most valuable publicly traded company, won a reprieve on an import ban on its watches in the latest twist to its battle with Irvine-based Masimo Corp.

A U.S. appeals court today allowed Apple to continue selling the watches while it hears Apple’s argument against the ban imposed by the U.S. International Trade Court, which found the devices violated Masimo patents related to measuring blood-oxygen saturation.

The court gave the commission until Jan. 10 to respond to Apple’s request for a longer stay.

Shares of Masimo (Nasdaq: MASI) declined 5.7% to $113.77 and a $6 billion market cap. The shares are still up about 40% since the ITC ruled in October. Shares of Apple (Nasdaq: AAPL), which has a $3 trillion market cap, were little changed.

 

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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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