In a significant turn of events, Apple has successfully obtained a temporary suspension on the import ban affecting their latest Apple Watch models. The ban was imposed by the International Trade Commission (ITC) in response to a complaint by medical company Masimo regarding intellectual property infringement. The sales of Apple Watch Series 9 and Ultra 2 models were temporarily halted in the United States.
Apple has announced that starting from yesterday, customers can once again purchase the Apple Watch Series 9 and Ultra 2 models in Apple stores, with online availability beginning today. The company expressed delight in being able to offer the full range of Apple Watch to customers shortly before the New Year.
This victory for Apple comes after an appeal to the United States Court of Appeals for the Federal Circuit, which led to the temporary suspension of the import ban. While the Biden administration had previously denied the suspension, Apple’s successful appeal allows them to resume sales of the banned Apple Watch models.
The ability to sell these latest models is crucial for Apple as the sales of Apple Watches play a significant role in their wearable electronics business. In the fiscal year 2023, Apple’s wearable electronics segment reported an impressive revenue of $39.8 billion. The temporary sales suspension had limited impact as Apple Watch SE and older models were still available, and other retailers such as Best Buy and Amazon continued to sell the latest models, if they had them in stock.
Masimo, the medical company that filed the complaint for intellectual property infringement, experienced a drop in their stock prices upon news of the import ban suspension. Meanwhile, Apple’s stocks remained unaffected.
Although the temporary suspension is a relief for Apple, the long-term consequences remain uncertain. Apple is still seeking an extension of the suspension, and the ITC is expected to respond to Apple’s new proposal for the Apple Watch by January 10. This case sheds light on the complexity and legal battles that arise when technology and intellectual property intersect.
FAQ:
Q: Which Apple Watch models were affected by the import ban?
A: The models affected by the import ban were the Apple Watch Series 9 and Ultra 2.
Q: When can these Apple Watch models be purchased again?
A: Apple has announced that customers can once again purchase the Apple Watch Series 9 and Ultra 2 models starting from yesterday in Apple stores, with online availability beginning today.
Definitions:
– International Trade Commission (ITC) – A U.S. government agency responsible for investigating import-related issues and intellectual property infringement.
– Intellectual Property – Refers to the rights of individuals or companies to their ideas, inventions, designs, trademarks, and other creative works.
Source:
https://www.example.com
The source of the article is from the blog exofeed.nl