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Apple CDR (CAD Hedged)
Symbol AAPL
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Close 2023-12-22 C$ 28.78
Market Cap C$ 218,728,000
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Globe/wire say Apple appeals ban on watch imports

2023-12-27 09:39 ET - In the News

The Globe and Mail reports in its Wednesday edition that Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo Corp., after U.S. President Joe Biden's administration declined to veto a government tribunal. A Reuters dispatch to The Globe says that the tech giant also filed an emergency request on Tuesday for the U.S. Court of Appeals for the Federal Circuit to halt the ban. It asked the Federal Circuit to pause the ban at least until U.S. Customs and Border Protection decides whether redesigned versions of its watches infringe on Masimo's patents, and to put the ban on hold while the court considers Apple's request. The customs office is due to make its decision on Jan. 12. Masimo has accused Apple of hiring away its employees, stealing its pulse oximetry technology and incorporating it into the popular Apple Watch. The U.S. International Trade Commission's order bars imports and sales of Apple Watches that use technology for reading blood-oxygen levels. Apple has included the pulse oximeter feature in its smart watches starting with its Series 6 model in 2020. U.S. Trade Representative Katherine Tai decided not to reverse the ban.

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