MASI - Apple Pauses Watch Sale Due to Technology Dispute. What Should You Do With the Stock?
2023-12-27 07:09:00 ET
One of Apple 's (NASDAQ: AAPL) best-selling products is no longer being sold in the U.S. Starting Thursday, Dec. 21, online at 3 p.m. and in stores after Christmas Eve, the Apple Watch Series 9 and Watch Ultra 2 will no longer be sold as a result of an ongoing dispute with Masimo (NASDAQ: MASI) .
While this may have blindsided some Apple investors, Masimo investors have suspected this for a while. So, what should investors do with Apple stock?
In November, the U.S. Trade Commission issued a statement that Apple violated U.S. trade laws by infringing on Masimo's light-based pulse oximetry patent. Apple was given 60 days to pull its products (for a presidential review), and it is finally starting to do that.
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Apple Pauses Watch Sale Due to Technology Dispute. What Should You Do With the Stock?